The
British and American hoteliers have shown interest in investing in Nepal as the
investment climate in the country has seen some improvement lately.
The investment climate in Nepal has been improving 'technically', according to British ambassador to Nepal.
"Now, Nepal has to think about how to attract investments as the investment climate is technically improving," John Tucknott said, addressing a team of British and American investors here today.
The 10-year insurgency has deeply affected economy and the country could not see any large scale investment during the period, he said, adding that with the change in political environment in recent months, a lot of foreign investors have shown interest in investing in Nepal.
As we finally see the end of the road, it’s time to grow together into a new Nepal that provides opportunities to all," according to the ambassador. "Nepal can create lots of jobs so that the young people do not have to go overseas to send money back."
The inflow of tourists in the last year has revealed that the hotels in Nepal are not sufficient to serve the increasing flow of tourists as in the peal season almost all of the hotels had good occupancy.
Apart from the foreign investors, new investment from the current investors is also key, said the envoy hailing the establishment of Investment Board.
"The conditions and regulations should be eased to encourage them."
A team of five investors from the Britain and the US are currently on Nepal visit to take stock of investment climate in Nepal. The visitors also hailed the recent change in political climate and said that there is a lot of potential in Nepal.
Briefing the visitors on the current moves of the Investment Board aimed at attracting investment, chief executive of the board Radhesh Pant said that the board will provide one-window solution for the investors. "It is streamlining the Acts to make investment friendly environment," he said, adding that it is also working on incentives framework, and doing comparative analysis of neighbouring countries to offer the investors a competitive package.
The board has prioritised seven sectors and packaging 50 projects to offer the foreign investors.
The investment climate in Nepal has been improving 'technically', according to British ambassador to Nepal.
"Now, Nepal has to think about how to attract investments as the investment climate is technically improving," John Tucknott said, addressing a team of British and American investors here today.
The 10-year insurgency has deeply affected economy and the country could not see any large scale investment during the period, he said, adding that with the change in political environment in recent months, a lot of foreign investors have shown interest in investing in Nepal.
As we finally see the end of the road, it’s time to grow together into a new Nepal that provides opportunities to all," according to the ambassador. "Nepal can create lots of jobs so that the young people do not have to go overseas to send money back."
The inflow of tourists in the last year has revealed that the hotels in Nepal are not sufficient to serve the increasing flow of tourists as in the peal season almost all of the hotels had good occupancy.
Apart from the foreign investors, new investment from the current investors is also key, said the envoy hailing the establishment of Investment Board.
"The conditions and regulations should be eased to encourage them."
A team of five investors from the Britain and the US are currently on Nepal visit to take stock of investment climate in Nepal. The visitors also hailed the recent change in political climate and said that there is a lot of potential in Nepal.
Briefing the visitors on the current moves of the Investment Board aimed at attracting investment, chief executive of the board Radhesh Pant said that the board will provide one-window solution for the investors. "It is streamlining the Acts to make investment friendly environment," he said, adding that it is also working on incentives framework, and doing comparative analysis of neighbouring countries to offer the investors a competitive package.
The board has prioritised seven sectors and packaging 50 projects to offer the foreign investors.
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