Thursday, 18 July, 2024

'Call to spur Chinese investment in Nepal'


Kathmandu, Sept 7: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has said Nepal was a country with abundant potentials for investment.
At the Nepal-China Economic and Trade Cooperation Forum organized by Nepali Embassy in Beijing and Economic Joint Committee of China Commerce and Stock Enterprises (EJCCCSE today, Minister Bhattarai called on Chinese traders to flow investment to Nepal in view of improved investment-friendly climate after ending political transition.
Lauding greater contributions of China to social infrastructure and different frontiers of prosperity, he expressed confidence of remarkable inflow of Chinese tourists to Nepal in upcoming Visit Year-2020.
It is to note that Nepal government is exempting visa fee for Chinese nationals targeting Nepal Visit Year-2020.
Also speaking on the same occasion, Minister for Industry, Commerce and Supply Matrika Prasad Yadav said the government was confident to assure investment environment in Nepal. He also called on Chinese business fraternity to invest in Nepal without any hesitation.
He urged China and Chinese people to help materialize Nepal's dream for prosperity as the Himalayan country has witnessed successful implementation of federalism with elections at all levels.
State-3 Chief Minister (CM) Dormani Poudel said warm relations have been established between Nepal and China at economic, social, and cultural as well as people-to-people levels.
He also expressed Nepal's intent to work closely with Chinese government and its people. China should choose Nepal as a main destination of investment to help latter's efforts for ending poverty, Poudel asserted.
State 5 CM Shankar Pokharel and Gandaki State CM Prithivi Subba Gurung requested Chinese traders and industrialists to invest in Nepal after consulting with the executive director of the Investment Board Nepal. The state government has set aside 1,300 ropanis of land to develop an industrial city in the state, informed Pokharel. Likewise, the Gandaki state government has allocated 160 hectares of land to develop an industrial gram in the state, said Gurung.
Similarly, State 1 CM Sherdhan Rai asked Chinese industrialists to invest in tea, Rudraksha and cardamom farming.
The state government has allocated 780 ropanis of land for the development of an industrial corridor and 1040 ropanis of land for agricultural development, he said.
He stressed the need for opening Kimathanka, Olangchung Gola and Nangpala border points.
Likewise, Karnali State CM Mahendra Bahadur Shahi asked Chinese investors to invest in medicinal herbs, gems, compost fertilizer industry, marble industry, cement industry and agriculture.
Far-West State CM Trilochan Bhatta requested Chinese investors to invest in agriculture, education, health, infrastructure, energy and water resources. Executive President of the EJCCCSE, Fan Xiaobo pointed out age-old mutual relations between China and Nepal. (RSS)