November 7: President Ramchandra Paudel has called upon the international community to invest in Nepal stating that investment opportunities have increased in the country.

Speaking at the inauguration of the 37th Conference of the Asia Pacific Chamber of Commerce and Industry (CACCI), which started in Kathmandu from Monday, President Paudel called for increasing investment in hydropower, tourism, agriculture, manufacturing sector and information and technology sector (IT) of Nepal.

In the opening session of the conference, which began with the participation of 60 businessmen from the Asia Pacific region, he urged to bring investment to Nepal. In addition, he said that Nepal is making legal arrangements and policies conducive for investment.

He said that the conference is timely and relevant for joint efforts to achieve sustainable economic growth in the Asia-Pacific region.

"Asia-Pacific is a rapidly expanding economic region," he said, "Nepal is also a member of organizations like SAARC and BIMSTEC for trade and enterprise connectivity, so there is no lack of market access."

Finance Minister Dr Prakash Sharan Mahat said that this conference will increase the confidence of entrepreneurs and businessmen. "The earthquake of 2072, corona virus and external conditions caused some problems in the country's economy," said Mahat, "But I am confident that it is improving and this conference will boost the country's economy." He said that investment in Nepal has a good track record. He added that multinational companies and investors are also making profit in Nepal.

The former Prime Minister Baburam Bhattarai said the growing middle class and emerging consumer market are the strength of Nepal.

At the conference, the president of Federation of Nepalese Industry and Commerce Chandra Prasad Dhakal said that the conference will be beneficial for expanding business networks and exchanging ideas. Stating that Nepal will be an attractive investment destination for the entrepreneurs of the Asia Pacific region, he mentioned that hydropower, tourism, information technology and manufacturing sectors, tourism infrastructure, hotels, cable cars, hill stations, etc will give good returns.

The two-day conference organized by the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) and the Federation of Nepalese Chambers of Commerce and Industry will conclude on today (Tuesday). CACCI is a member organization of industry associations from 26 countries in the Asia Pacific region.