Kathmandu, Dec. 27
Chinese investors have shown interest to invest in
Nepal's pharmaceutical industry.
A 7-member team led by Wang Zhirong, Vice-Chairman
of Yunnan Provincial Federation of Industry and Commerce, is in the capital to
find out the potential of the sector in Nepal.
The visiting investors held a discussion with the
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Friday to
have understanding and possibility of investment in pharmaceutical sector. However,
the FNCCI said that it has urged the Chinese investors also to invest in
cement, agriculture, infrastructure like roads, bridges, tunnels and airports,
tourism, energy, information technology and manufacturing industries.
Nepali businesspersons said that both the countries
would be benefitted if Nepal received Chinese investment in the health sectors
like pharmaceuticals and hospitals.
The visiting Chinese delegation said that it was
interested in making investments in the medicine industry and the visit was
especially focused for the purpose.
Nepali delegation was led by FNCCI Vice-President
Kishor Kumar Pradhan.
The two teams discussed about Nepal-China economic
relations, expansion of joint-investments and policy provisions for Foreign
Direct Investment in Nepal.
Pradhan urged the visiting investors that it was
appropriate time to make investment in the country due to political stability
and favourable investment climate.
Stating that China was the largest source of investment
in Nepal, he expected more from the northern neighbour.
Wang said that Chinese investors were interested to
come to Nepal and project would come soon after another round of discussion.
He said that Nepal could learn from Yunnan's
development experience, use of latest technology and capital mobilisation for
development.
Published in The Rising Nepal daily on 28 December 2019.
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