Wednesday, August 19, 2009

PM invites Indian business leaders to invest in post-conflict Nepal


Prime Minister Madhav Kumar Nepal has asked the Indian business leaders for investment in a number of sectors such as hydropower, roads, bridges, infrastructure, construction materials, tourism, health, education and financial institutions in Nepal. Addressing the gathering of Indian businessmen in Delhi on Wednesday, PM Nepal said since Nepal government has concentrated its attention for massive investment in reconstruction to recover the losses incurred during the decade-long insurgency, Nepal has bright prospects Justify Fullfor investments.

He said the government is ever ready to protect the interest of the investors and provide security for them, adding Nepal is seeking enhanced foreign investment at this time. He further said, government will ensures swift decision on big projects and provide necessary facilities for such projects. To facilitate this, the government will shortly announce the establishment of an Investment Board under the leadership of prime minister.

Mentioning that conflict-hit Nepali have expected relief, PM Nepal underlined the priorities of his government as successful conclusion of the peace process, writing the constitution on time and providing a peace dividend to the general people. He mentioned that Nepal is making progress in the peace process, adding rapid economic growth and inclusive social advancement can only make a peace process stable. While talking on continued imbalanced bilateral trade between Nepal and India, PM Nepal said trade liberalisation, removal of custom restrictions and increasing investment in Nepal would downsize the trade imbalance.

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