He said that Nepal wants to build a close partnership with the Japanese private sector.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
President Ram Chandra Poudel has called on the Japanese business community to explore business opportunities in Nepal.
His secretariat has expressed confidence that the Nepalese government is committed to providing all possible support to the Japanese business community for investment and trade in Nepal.
President Poudel made the call while addressing an interactive program with members of the Japanese business community organized in Tokyo, Japan today on the occasion of the 70th anniversary of the establishment of diplomatic relations between Nepal and Japan. He said that Nepal wants to build a close partnership with the Japanese private sector.
'We have created a stable macroeconomic environment with attractive returns on investment as well as easy processes for profit and capital return, the Nepalese government is committed to providing full support, seamless facilitation and security to foreign investment,' President Poudel said.
He said that as we celebrate the 70th anniversary of Nepal-Japan diplomatic relations, this is also an opportune moment to advance intensive cooperation between our two sides in areas of mutual benefit. President Poudel, who was inspired by the philosophy of Gautam Buddha and mentioned that Nepal and Japan have cultural relations since ancient times, said, &
He said that Nepal will be upgraded from a least developed country by the end of this year and become a middle-income country by 2030, which will be another important achievement for us.
Following liberal economic policies, Nepal has opened almost every sector, including manufacturing, hydropower, tourism, services, information technology, mining and agro-based industries, to foreign investment and has made extensive legal, procedural and institutional reforms to facilitate trade, attract foreign investment and promote innovation.
'The Nepal Investment Board provides a one-stop service to large investors, and the International Monetary Fund, the World Bank and major international rating agencies have confirmed through independent assessments that Nepal offers one of the most favorable business environments in South Asia,' he said. He expressed confidence that Nepal's location between the world's two emerging economies, India and China, will provide greater benefits to potential investors.
On the occasion, Nepal's Acting Ambassador to Japan Harihar Kanta Poudel welcomed the gathering, while Secretary Amrit Bahadur Rai and Joint Secretary Bhrigu Dhungana of the Ministry of Foreign Affairs gave a presentation on the potential of investment in Nepal. At the event, several members of the Japanese business community expressed their happiness to know that there are so many investment opportunities in Nepal and that this would contribute to opening the doors of investment.
