Silver Heritage Group of Australia – which is one of the prominent foreign investors in the country’s hospitality sector and has already invested over Rs 6 billion – has expressed its plan to expand its business and raise investment in Nepal.
"The improving investment environment in Nepal and the rise in both the flow of tourists and other tourism activities have motivated the company to invest further in the country," chief executive officer of Silver Heritage Group Mike Bolsover said.
The Silver Heritage Group currently has invested in the Tiger Palace Resort in Bhairahawa.
Similarly, the group has also invested in the Millionaire Club and Casino.
“We started our business in Nepal through a resort in Bhairahawa and it has been successful along with the increasing flow of both foreign and domestic tourists in recent years," he said, adding that they plan to open their second and third resorts in the far-west region, probably in Dhangadi and also in Jhapa in the eastern region soon. "The resort in the far-western region will basically target tourists from Delhi and Haryana of India."
Citing that Nepal’s strategic location between India and China has created immense tourism potential in the country, Bolsover said that his group will gradually increase investment in Nepal’s hospitality industry.
Likewise, the Silver Heritage Group, according to him, is also planning to invest in a multiplex, restaurants and night clubs in Nepal. He, however, said that Nepal still needs to enhance its air connectivity and prioritise the development of tourism infrastructure in a bid to ensure accelerated growth of the tourism and hospitality sector. "“Nepal needs to enhance the capacity of Tribhuvan International Airport as connectivity is crucial for tourism growth."
"The improving investment environment in Nepal and the rise in both the flow of tourists and other tourism activities have motivated the company to invest further in the country," chief executive officer of Silver Heritage Group Mike Bolsover said.
The Silver Heritage Group currently has invested in the Tiger Palace Resort in Bhairahawa.
Similarly, the group has also invested in the Millionaire Club and Casino.
“We started our business in Nepal through a resort in Bhairahawa and it has been successful along with the increasing flow of both foreign and domestic tourists in recent years," he said, adding that they plan to open their second and third resorts in the far-west region, probably in Dhangadi and also in Jhapa in the eastern region soon. "The resort in the far-western region will basically target tourists from Delhi and Haryana of India."
Citing that Nepal’s strategic location between India and China has created immense tourism potential in the country, Bolsover said that his group will gradually increase investment in Nepal’s hospitality industry.
Likewise, the Silver Heritage Group, according to him, is also planning to invest in a multiplex, restaurants and night clubs in Nepal. He, however, said that Nepal still needs to enhance its air connectivity and prioritise the development of tourism infrastructure in a bid to ensure accelerated growth of the tourism and hospitality sector. "“Nepal needs to enhance the capacity of Tribhuvan International Airport as connectivity is crucial for tourism growth."
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