June 13, 2024, Thursday
Nepal 1:37:26 pm

Prime Minister calls for Chinese investment in priority sector of Nepal

The Nepal Weekly
September 26, 2023

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ and his delegation has reached Beijing from Hangzhou Sunday night, Sept. 24.

In the afternoon, the Prime Minister addressed the Nepal-China Business Summit jointly organized by the Federation of Nepali Chambers of Commerce and Industries (FNCCI) and the China Council for the Promotion of International Trade (CCPIT) and interacted with the business leaders, investors and the business community in China.

In his address, the Prime Minister invited potential Chinese investors to invest in the priority areas of Nepal’s economic development. PM Prachanda on the occasion stressed on building strong collaboration of private sectors of two countries which function as an engine of growth, according to a press release issued by the PM’s office.

In the context of Nepal graduating from the LDC status in 2026, Chinese investment could facilitate Nepal in upscaling its productive capacity and transforming economic structure, pointed out the Prime Minister. A team of top Nepali entrepreneurs and their Chinese entrepreneurs participated in the Summit. Later in the evening, the Prime Minister attended welcome reception hosted in his honour by the Embassy of Nepal in Beijing. On the occasion, the Prime Minister addressed the gathering of Nepali diaspora members and friends of Nepal in Beijing and interacted with the Nepali community living in different parts of China. Foreign Minister, Narayan Prakash Saud also addressed the event and elucidated the need of pushing economic diplomacy more vigorously to tap on the potentials available in China. Members of Nepali community including professional, academia, students as well as high ranking Chinese dignitaries were present on the occasion, according to a press release issued by Nepal Embassy in Beijing.