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US investors interested to invest in solar energy, civil aviation, telecom: US envoy

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KATHMANDU, Dec 20: As Nepal is making final preparations to launch two-year long campaign Nepal Investment Years, US ambassador to Nepal Scott H. DeLisi said US investors are showing interest in investing in solar energy, civil aviation, and telecommunications and urged the Nepal government to create conducive environment for foreign investments.



“Our investors are ready to invest in Nepal in different sectors, mainly solar energy, civil aviation and telecommunications. So, an investment-friendly environment through favorable policies is necessary to lure the investments,” said DeLisi at a meeting with Anil Jha, Minister for Industry (MoI), on Tuesday.[break]



A source at the MoI said the US envoy also asked the government to ensure sustainable favorable climate for investment to boost investor confidence in Nepal.



DeLisi, who had played a key role in inviting India-based US investors to Nepal for a meeting with the government and the local business community, said more US investment can be brought to Nepal during the upcoming Nepal Investment Years - 2012 and 2013 if the investors feel their investments secure here.



He also urged the government to treat all foreign investors equally.



Responding to the DeLisi´s concerns, minister Jha assured him of creating favorable conditions for foreign direct investments to Nepal.



“We are in favor of ending political transition by bringing the peace process to a logical end so as to create more investment-friendly environment in our country,” the source quoted minister Jha as saying to the US ambassador.



He also informed the government is coming up with a host of programs to mark the two-year long investment campaign.



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