KATHMANDU, Feb 14: President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Dhakal, has urged world business leaders to explore the untapped opportunities in Nepal. He specifically encouraged global entrepreneurs to invest in Nepal's hydro power, tourism, agriculture, and manufacturing sectors.

Addressing the World Governments Summit-2024 organized in Dubai, UAE, President Dhakal highlighted Nepal's significant potential for economic growth and development. Positioned between the two largest markets in the world, India and China, Nepal enjoys duty-free market access to these countries and other developed nations. This implies that international investors can manufacture goods in Nepal and distribute them globally, he emphasized.

Speaking on behalf of Nepal's private sector, President Dhakal stated, "Our government is actively working to enhance the business environment by implementing reforms to simplify procedures, reduce regulatory burdens, and increase transparency. We are hosting the Investment Summit 2024 on April 28 and 29 this year."

He also shared that, as part of the Summit preparations, the private sector has proposed amendments to 12 laws and regulations. Dhakal announced that FNCCI would hold its Annual General Meeting on April 10, extending an invitation to business leaders worldwide.

FNCCI, the apex body of Nepali private sectors, boasts around 600,000 direct and indirect members. The World Governments Summit, themed 'Shaping Future Governments,' took place from February 12 to 14.

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