Monday, February 11, 2013

FNCCI stresses Nepal, German bilateral economic cooperation

Nepal needs foreign investment in infrastructure development, hydropower, tourism, mines related industries, education, health and agriculture as these are the key areas for the development of the country, according to a private sector leader.
"Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is trying to bring political parties together for the minimum economic development agenda," said FNCCI president Suraj Vaidya in a meeting with German Ambassador to Nepal Frank Meyke.
The prolonged political transition has hit the economy hard and the private sector is stressing on minimum economic agenda, he added.
Hailing the continuous German support for the economic development of Nepal, Vaidya said that the private sector has also benefitted with the German cooperation. "The FNCCI is trying to focus the key bottleneck of the country's economic development, hydropower, during its 47th annual general meeting to be held soon."
Meyke, on the occasion, stressed on political stability in Nepal to attract foreign investment. "Germany will, however, continue to help Nepal," he said, adding that a team of small and medium enterprises is visiting Nepal soon. "Nepal could benefit, if the visiting team can hold meeting with the domestic small and medium enterprises."
According to the data, Nepal has imported
Rs 2.33billion worth goods and exported Rs 2.76 billion to Germany in the fiscal year 2010-11.

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