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Foreign Minister Arju Rana Deuba has requested the multinational companies of the world for direct foreign investment in the agricultural sector of Nepal.
Addressing the high-level session on agriculture and food systems held on Tuesday under the 44th General Assembly of the United Nations Food and Agriculture Organization, FAO in Rome, she asked to benefit from the world market through Nepal's original and unique products by investing in the agricultural sector.
Minister Rana said, 'According to the government's policy of increasing the involvement of the private sector in agriculture, large private companies have also started investing in agriculture. However, due to the lack of large investment and modernization in agriculture, Nepal is not able to export agricultural products in large quantities, despite having sufficient potential. We need large foreign investment in this area.'
Minister Rana said that through international cooperation and collaboration, the government of Nepal is trying to make the agricultural sector attractive with innovation, use of AI in agriculture, use of drones for farming and modernization and scientificization of agriculture. She said that people who are engaged in agriculture in Nepal i.e. farmers are still looked down upon, so they have not been able to modernize and develop this sector in time and make it export oriented. She also held the view that agriculture should be made a dignified and attractive profession.
83 percent of Nepal's territory is hilly or mountainous and where most of the land is located in small pieces, although agricultural work is very difficult, she said that it has long been associated with self-reliant economy and poverty.
Remittance, which has become the largest source of income in Nepal's economy, contributes about 35 percent to Nepal's gross domestic product, and the contribution of agriculture is in the second place, i.e. about 23 percent.
Recently, due to adverse effects of climate, the agriculture sector is being adversely affected and this is a matter of serious concern for Nepal, she said. She mentioned that, due to the absence of youth and men in the villages, the farmers were worried about the increase in the attacks of wild animals on the farms, and the conflict between humans and animals also increased. She also made it clear that efforts to advance agriculture by coordinating it with education, nutrition and health are succeeding.
