April 28: Prime Minister Pushpa Kamal Dahal has said Nepal is a suitable destination for investment, calling upon the investors from across the globe to seize the opportunity and benefit from it.    

The prime minister made this remark while inaugurating the Nepal Investment Summit 2024 in Kathmandu on Sunday. On the occasion, the PM asserted that there are immense opportunities for investment in Nepal and it has potential for investment from the legal, geographical and strategic perspective as well.    

Stating that Nepal is fully committed to a liberal economic policy, he reassured that an investment-friendly environment has been created in the country. The prime minister said Nepal is continuously moving ahead towards creating a friendly environment for the investors, industrialists, entrepreneurs and innovators. In this connection, he added, eight various laws related to business and investment have been amended.    

Meanwhile, Finance Minister Barshaman Pun has asserted that Nepal is an attractive destination for international investment.    

According to the Finance Minister, the key objectives of the Summit are: To project Nepal as an emerging destination for private sector investment; to highlight recent reforms in enhancing the investment climate and ensuring regulatory frameworks that support foreign as well as domestic investment, to showcase a wide range of projects across different sectors, including investment-ready projects; to facilitate productive negotiations and come up with a number of agreements and Memoranda of Understanding (MOUs) between investors and stakeholders, advancing project development and management objectives; and to provide a platform for networking opportunities among the policymakers, investors, experts and other stakeholders to share ideas and views as well as encourage joint ventures in areas such as industry and infrastructure development.    

Similarly, Nepali Congress President and former Prime Minister Sher Bahadur Deuba said Nepal’s investment regime is now liberal in terms of sectors open for foreign investment, tax policies and repatriation of earnings.    

According to main opposition party leader, foreign investment is protected by domestic law and various international instruments to which Nepal is a signatory to. -- RSS