Dev Man Hirachan, chief patron of Non-Resident Nepalese Association (NRNA) -- an umbrella organization of Nepali diaspora - said Nepali investors would feel comfortable to invest in Nepal that in other countries. [break]“Nepal can become self-sufficient in agriculture produces like Japan through farm commercialization,” Hirachan, who is also former president of NRNA, said.
The non-resident Nepalis have formed Global Capital Investment to collect funds for investment in Nepal.
“I have felt that many people are hesitating to invest in Nepal because of factors like insecurity and political instability, but I don´t buy it. This is the best time to invest in Nepal,” he added. “We will see tough competition once political situation becomes stable in Nepal.”
He also said the non-resident Nepalis should take risk by investing in Nepal even during adverse situation.
The Global Capital Investment, which has been founded with the involvement of Nepalis living in Japan, Hong Kong, Israel, Middle East and Denmark, has already established organic agriculture training center in Ramkot of Kathmandu to promote organic farming in the country. Besides arranging market for farm products, the company also plans to provide organic fertilizers and technology to the farmers.
According to Hirachan, the center will train 50 farmers next month by taking Japanese agriculture experts to Nepal.
Unveiling his plan to expand training centers to all five development regions of the country, Hirachan said Global Capital Investment will play a major role in transforming Nepal´s existing agriculture system into organic agriculture within a few years.
Global Investment Capital, which has so far collected Rs 1 billion from more than 50 non-resident Nepali investors, has set a target of collecting around Rs 20 billion within the next five years.
“Investors from Japan and Macau are ready to put their money in Nepal´s agriculture sector,” Hirachan shared.
Global Investment Capital has also started to invest in magnetic, wind and solar energy generation along with the real estate sector. Hirachan, however, clarified that Global Investment Capital does not have immediate plan to in hydropower in hydropower sector.
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