WASHINGTON DC, Oct 24: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has urged the global community to consider investment in Nepal.
FNCCI President Dhakal, who is currently in the USA to attend the annual meetings of the World Bank and International Monetary Fund (IMF), highlighted the enabling environment for foreign investment in Nepal and the amendments to legislations to facilitate foreign investment.
During his meetings with high-ranking officials of these agencies on Wednesday, he also pledged necessary coordination on the part of the FNCCI to facilitate foreign investors considering investment in Nepal.
Chandra Dhakal elected Senior Vice President of FNCCI
During the meeting with Imad Fakhoury, International Finance Corporation (IFC)'s Regional Director for South Asia, Dhakal discussed IFC's role in empowering the private sector of Nepal.
Talks on economic recessions in the wake of the COVID-19 pandemic and the conflict between Russia and Ukraine and repercussions of these two factors for Nepal's economy also figured in the meeting, Dhakal said.
Talking to the Rastriya Samachar Samiti (RSS) following the meeting, Dhakal mentioned that the two dwelled on potential areas for foreign investment in Nepal including hydropower, tourism infrastructures and information technology and thereby calling on the global community to consider investment in these areas.
The meeting was attended by IFC's other officials as well as representatives of the FNCCI.
Similarly, Dhakal held a meeting with British International Investment's Executive Director Samir Abhyankar on Wednesday during which they discussed increasing investment in Nepal's tourism and hospitality sector, hydropower and infrastructure sectors considering the tremendous potentials in these sectors.
RSS
