Kathmandu, Sept 8 : Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has urged the private sector and foreign investors to invest in Nepal stating that Nepal is an attractive investment destination and has a favorable investment climate. The PM said that the opportunities for investment in areas of comparative and competitive advantages are vast.
Addressing a programme organized by Investment Board Nepal on Friday to mark its 12th anniversary, the PM said that the government is committed to effective handholding of investment during the entire business life cycle. “We value every investment, large or small, and we are committed to de-risking those investments. I assure all the investors and stakeholders of this ecosystem that the Investment Board Nepal along with other concerned government instrumentalities shall offer you the best services.”
PM Prachanda also assured that the government is committed to the policy improvement in terms of Foreign Direct Investment (FDI) and for effective handholding of the projects that are in the various stages of development particularly in Public Private Partnership (PPP) model.
The PM added that it was his top priority to improve investment climate in Nepal and pledged to continuously work to increase private investment including FDI for economic development of the country in an inclusive and sustainable manner.
He said that the government is always committed to continuous improvement of policy, legal, regulatory, procedural, and institutional arrangement to strengthen business and investment environment including the PPP, FDI and private sector investment.
Noting that Nepal has aspired to become the middle-income country by 2030 and achieve the Sustainable Development Goals by 2030, the PM shared that realization of our aspirations within the stipulated timeframe will continue to be a key challenge due to the Covid-19 pandemic, global conflict and climate change impacts.
“In line with the spirit of the constitution, coordination, and cooperation among all tiers of government is indispensable for creating investment friendly environment. We have been developing various tools and mechanisms to build and strengthen coherence within and among different levels of government,” according to the PM.
The PM was of the view that hydropower, tourism, agriculture, ICT are Nepal’s areas of comparative advantage adding that Nepal is practicing Build-Own-Operate-Transfer (BOOT) modality in a few sectors. “However, we also need to develop transformative projects through other new forms of PPP,” he observed.
