Nepal a suitable destination for investment, says PM Prachanda as he opens investment summit

Speaking on the occasion, India’s Ambassador to Nepal Navin Srivastava said that the Government of India, in future, will continue to encourage Indian investors further in Nepal.

Nepal is a suitable destination for investment and there are immense opportunities in the country, Prime Minister Pushpa Kamal Dahal 'Prachanda' said on April 28 as he inaugurated a key investment summit here that will see the participation of around 1,800 people from various countries, including 140 from India.

Inaugurating the third edition of the Nepal Investment Summit 2024 with the theme 'Emerging Nepal', Mr. Prachanda also said that Nepal is a potential country for investment from legal, geographical and strategic perspectives.

"Nepal is a suitable destination for foreign investment,” the Prime Minister said as he urged investors from across the globe to seize the opportunity and benefit from it.

Mr. Prachanda, who is leading a government dominated by left parties, said that Nepal is fully committed to a liberal economic policy, providing full protection to investors.

He said that an investment-friendly environment has been created in the country.

Foreign Minister Barshaman Pun welcomed foreign investment as a catalyst for industrial development, infrastructure development, job creation, export promotion and the transfer of knowledge, skills, and technology.

He expressed confidence that the summit will lead to agreements and collaboration between investors and stakeholders as Nepal’s economic indicators are stabilising and showing positive trends.