Chinese investors interested in proposed industrial park in Chitwan

Published On: September 13, 2019 10:06 AM NPT By: Sabita Shrestha

CHITWAN, Sept 13: Chinese investors have showed interest to bring investments in an industrial park to be built in Shaktikhor of Chitwan.

A 37-member team of Economic Joint Committee of China Stock Enterprises (EJCCCSE), which was Chitwan earlier this week, interacted with local government officials of Chitwan and said Chinese investors would bring investments provided that there is business doing environment. 
The team also visited the proposed site to build the investment park. 

The park will spread over 1,741 bigha in Shaktikhor of Kalika Municipality. The government has already prepared detailed project report (DPR) while Environmental Impact Assessment (EIA) works have begun recently. The estimated cost of the project is Rs 36 billion, and it is expected to accommodate 700 industries and employ 100,500 people.

 Speaking at a meeting with local government officials, Li Xuesong, deputy secretary general of EJCCCSE, said Chinese investors were interested toward the industrial park to be built in central part of the country. He said that the team sought information like the type of industries that can be opened in the park from the officials of the local government.

He also requested the local government to create policy on investment, environment, taxation and workers management, among others. 

According to officials who attended the meeting, the Chinese team also sought information about Nepali products with export potentials.

Former minister Janardhan Sharma, who attended the meeting, said preparation to bring Chinese investment in Nepal is gaining momentum following President Bidhya Devi Bhandari’s state visit to China in April. He said the enterprises under the Chinese government have taken leadership to bring investments to Nepal.

“Industrial park with all modern facilities will be built at Shaktikhor,” he said. “We are prioritizing investments that focus on the South Asian market.” Locals of the area will get jobs and other benefits, Sharma added.

The team also met with officials of the federal government, chief minister and other officials of Province 3 and private sector leaders. Talking to Republica, Mayor of Bharatpur Metropolitan City Renu Dahal said that the team visited Chitwan after Chinese investors showed interest to invest in the project. She also said different projects in Chitwan like Gautam Buddha International Cricket Stadium, Dasdhunga-Golaghat Road, Auto Land in Narayanghat, Multipurpose Trade Tower and agriculture processing centre in Madi are in need of investments. 

The park, which is expected to be ready by 2022, will have facilities like staff quarter, hospital and helipad, among others.

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