Prime Minister Pushpa Kamal Dahal mentioned that Nepal is a suitable destination for investment and has called to take advantage of this opportunity. Inaugurating the 'Nepal Investment Conference 2024' here today, Prime Minister Dahal said that Nepal is a country with potential for investment in legal, geographical and strategic terms.

Noting that Nepal is fully committed to liberal economic policy  Prime Minister Dahal informed that an investment-friendly environment has been created in Nepal. Noting that Nepal has continuously moved forward to create comfortable conditions for investors, industrialists, innovators and businessmen, Prime Minister Dahal informed that eight different laws related to business and investment have been amended recently. "I believe, this will increase the confidence of investors to invest in Nepal," he said. 

Noting that peace and stability have been maintained in Nepal and a favorable environment has been created for economic development and prosperity, Prime Minister Dahal clarified that the federal system of governance has ensured a balanced development approach that promotes nationwide social and economic transformation. "Nepal offers many incentives to foreign investors, including a strong regulatory framework, double taxation avoidance, protection of intellectual property rights, competitive corporate tax, etc.," Prime Minister Dahal said. The target has been taken.' 

The Prime Minister believes that the liberal policies adopted by Nepal will encourage foreign investment in priority areas. He said that Nepal's skilled manpower and low labor costs will also attract international investors. Prime Minister Dahal said, 'The provision of no discriminatory treatment to foreign direct investors and national investors and the guarantee of repatriation of profits in foreign currency will further increase the attractiveness of investment in Nepal.'

Stating that more than 60 percent of Nepal's population falls within the working age group, Prime Minister Dahal said that the rapidly expanding middle-class population showed immense potential for consumer-oriented conditions. He mentioned that the number of young people speaking foreign languages ​​will help international investors to find labor force. "Nepal has provided investment opportunities in areas such as tourism, agriculture, manufacturing, information technology, garments, agricultural processing and infrastructure, including production of high-value crops," Prime Minister Dahal said, "The abundant potential of hydropower generation has expressed commitment to renewable and clean energy supply. The rich cultural heritage and natural beauty indicate the strong potential of the tourism sector.'

While there is a huge potential for hydropower production in Nepal, Prime Minister Dahal mentioned that only 3,200 megawatts have been produced so far.

Prime Minister Dahal said that the electricity trade agreement with India, the cooperation agreement with China and the electricity export agreement with Bangladesh have prepared enough infrastructure for investment. He said, 'This clearly shows the abundant opportunities to invest in the hydropower sector in Nepal. The under-construction inland transmission line connecting India and China will facilitate energy exchange within the region.'  

Prime Minister Dahal mentioned that ready-made clothes and Nepali carpets are also exported to the world market and are famous for their quality and said that there is a lot of potential for investment in this sector as well. Stating that two special economic zones have been operating in Nepal and that such economic zones are in the process of being developed in other parts of the country, Prime Minister Dahal expressed his belief that such zones will boost economic growth and industrial development. He said, 'Currently there are ten industrial districts in Nepal, there are plans to develop six more, this ensures access to infrastructure and services required for investment.'