Apr 20, 2024

FNCCI President Dhakal urges Indian investors to invest in Nepal's energy and tourism sectors

FNCCI President Dhakal urges Indian investors to invest in Nepal's energy and tourism sectors

KATHMANDU:Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), is urging Indian companies to invest in Nepal's booming energy and tourist industries.

Addressing the Nepal-India Business Forum in Kathmandu on Monday, Federation President Dhakal stated that Nepal's fast rising energy and tourism industries provide numerous investment opportunities.

He emphasized the recent major growth in Nepal's tourism infrastructure, stating that the construction and operation of two international airports in Bhairahawa and Pokhara has opened the door to Nepal's tourism sector's full potential. He added that Nepal has a lot of potential for hotels, cablecars, theme parks, adventure tourism, sports tourism, and mouse tourism, and that Indian companies can invest in them.

"Nepal's tourism sector has grown significantly. I would like to encourage Indian investors to invest in Nepal's diverse sectors, capitalizing on the country's expanding tourism potential. With the development of two international airports, the number of tourists has grown. It has produced an environment conducive to investment in a variety of areas," he said.

President Dhakal also requested cooperation for investment in new and growing areas such as education, health, agriculture, and manufacturing, which are not traditional in Nepal.

Nepal and India reached an agreement to purchase up to 10,000 megawatts of Nepalese electricity in the Indian market, creating a great opportunity for Indian investors to invest in Nepal's energy sector, he said.He asked Indian investors to join the next Nepal Investment Summit.

Chairman Dhakal stated that he has suggested a BIMSTEC Business Forum to boost regional business activity and promote regional trade, and has requested that the  Indian Chamber of Commerce provide the necessary assistance to move it ahead.