Investment climate in Nepal improving: Belgian envoy

Published On: December 21, 2016 12:20 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Dec 21: Belgian Ambassador to Nepal, Jan Luykx, has said that investment climate in Nepal has been improving in recent times.

In a discussion with the Confederation of Nepalese Industries (CNI) members in Kathmandu on Tuesday, the envoy said that the improvement in political climate and the leadership's focus on economic prosperity have helped improve investment climate in the country.

He also suggested that the private sector join hands with the government to take advantage from the improved investment climate. 

Informing the envoy that the foreign investors in Nepal have been making good profit, CNI President Haribhakta Sharma, on the occasion, requested Belgium to invest in Nepal. He also briefed the envoy of the new laws that the government has brought as part of its economic reforms.

Meanwhile, Luykx also held discussion with the members of Nepal Chambers of Commerce (NCC).

Welcoming the ambassador, NCC President Rajesh Kaji Shrestha asked businessmen of Belgium to take an economic advantage of the GPS service provided by European countries, customs service provided by China to 8,000 products, and business agreement with India. He asked them to use all these services provided to Nepal.

“As Nepal is affected by last year's earthquake, the country is in need of new capital and technology,” Shrestha said, adding: “This is the best time to invest in water resources, tourism, agriculture, agricultural business, health and education sectors.” 

In response, Ambassador Luykx, said that he would try from his side to improve economic relationship between the two countries. He also informed that Belgium was interested to invest in Nepal's agriculture sector.

Senior Vice President Lokmanya Golchha; Secretaries Debendra Bhakta Shrestha and Santosh Kumar Pandey; and Executive Members Ran Bahadur Shrestha, Krishna Man Shrestha, Dipak Kaji Tuladhar, Niraj Rai, Rajendra Serchan and Tikaram Shrestha were also present in the program.

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