By Prakash Silwal /Ashok Ghimire (KATHMANDU, 30 March 2019) – Foreign delegates who participated in the Investment Summit opined that Nepal was an appropriate place for investment. While sharing their countries’ experiences, they stated that Nepal had now opened the door to invite the foreign investment to accelerate the pace of development.
South African Ambassador to Nepal, Sadick Jaffer, said his country believes in open economy system, adding that they do not have any trouble to invest in Nepal.
Similarly, United Arab Emirates (UAE)’s Deputy Secretary of Foreign Trade at Ministry of Finance, Abdullah al Saleh, observed that agreements on investment security and on exemption of double taxation to attract foreign investment were important.
He also argued that Nepal government should be alert in such issues.
He further shared that the investors could get profit as Nepal was getting political stability and creating environment conducive for the investment. Saleh also argued that UAE was third biggest trade partner to Nepal as well.
Likewise, Malaysia’s Investment Authority CEO Shiva Surya Murti Sundar Raja shared that they had setup investment board offices in major investing countries at the first phase to extend the trade relations aiming to invite direct investment and it might be fruitful to a Nepal as well.
On the occasion, Jyoti Group Chairman Padma Jyoti viewed that they were inspired after getting experiences of foreign countries to accelerate development activities in Nepal.
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