By A Staff Reporter
Kathmandu, Dec. 27: Chinese investors have shown interest to invest in Nepal's pharmaceutical industry.
A 7-member team led by Wang Zhirong, Vice-Chairman of Yunnan Provincial Federation of Industry and Commerce, is in the capital to find out the potential of the sector in Nepal.
The visiting investors held a discussion with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Friday to have understanding and possibility of investment in pharmaceutical sector.
However, the FNCCI said that it has urged the Chinese investors also to invest in cement, agriculture, infrastructure like roads, bridges, tunnels and airports, tourism, energy, information technology and manufacturing industries.
Nepali businesspersons said that both the countries would be benefitted if Nepal received Chinese investment in the health sectors like pharmaceuticals and hospitals.
The visiting Chinese delegation said that it was interested in making investments in the medicine industry and the visit was especially focused for the purpose.
Nepali delegation was led by FNCCI Vice-President Kishor Kumar Pradhan.
The two teams discussed about Nepal-China economic relations, expansion of joint-investments and policy provisions for Foreign Direct Investment in Nepal.
Pradhan urged the visiting investors that it was appropriate time to make investment in the country due to political stability and favourable investment climate.
Stating that China was the largest source of investment in Nepal, he expected more from the northern neighbour.
Wang said that Chinese investors were interested to come to Nepal and project would come soon after another round of discussion.
He said that Nepal could learn from Yunnan's development experience, use of latest technology and capital mobilisation for development.