November 2: The “Swiss Business Delegation Event” is all set to be organized at the Swiss Embassy in Kathmandu from November 7 to 9. Ten companies including Lombardy, Lufthansa, Victorinox, JKB Bank, Roche, etc. from Switzerland will participate in this programme.

The Swiss and Liechtenstein companies participating in the programme will be informed about the potential investment opportunities in Nepal in areas such as health care, insurance, communication, construction engineering, banking, fintech, etc. The first meeting of business delegation of Swiss companies in Nepal is expected to help these companies enter the Nepali market. This programme is organized in collaboration between the Swiss Embassy in Nepal, Switzerland Global Enterprise and Swiss Business Hub, India.

Nepal is moving from political transition to economic transformation. There are many opportunities for Swiss companies to enter the Nepali market. Switzerland and Nepal have been cooperating since the 1950s. Recently, trade relations between Nepal and Switzerland have becoming stronger. Swiss Ambassador to Nepal Elisabeth von Capeller says that Swiss companies can benefit by introducing Swiss technology and expertise in Nepal.

For a long time, Switzerland has been helping the development of Nepal by investing in areas such as agriculture, rural infrastructure development, technical education and vocational training. Recently, Nepal is becoming an attractive business destination for multinational companies due to the increase in the average income of Nepalese, increasing consumption and rapid urbanization. The Swiss business delegation event will help all types of Swiss companies, big and small, to understand the Nepali market well and get information about investment opportunities.

There is a lot of investment potential in Nepal's renewable energy, transportation, other infrastructure construction and engineering sectors. Swiss companies can do business in the fields of engineering and construction equipment, consulting services, hydropower construction, tunneling technology and equipment, ropeway/cable car construction and equipment supply. Similarly, there are ample investment opportunities in aviation and airport infrastructure, food and agriculture sector, sustainable urban development and other sectors as well.

Likewise, there has been a rapid growth in the health care sector of Nepal in the last three decades. With the increase in the number of hospitals and treatment centers in the private sector, the potential for health care, medical technology, pharmaceutical and bio technology here has also increased. Information and communication technology, telecommunication, security printing and biometrics are also other areas with investment potential.

Compared to low-income countries in South and Southeast Asia, Nepal's financial sector is relatively well developed. There are plenty of investment opportunities in banking, finance, insurance services and fin-tech. Also, tourism is one of the main pillars of Nepal's economy. It is also an important source of foreign exchange and revenue.