Kathmandu, Jan. 20
The
Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has urged
investors and businessmen of the Asian
countries to come to Nepal for investment.
“Nepal
is located between the two largest markets with 2.7 billion population of the
world. It has open border and duty free access to India while China has granted
duty free access for about 8,000 products,” chairperson of FNCCI’s Bi-national
and NRN Coordination Forum Desh Bandhu Basnet (Ajit) informed the investors at
‘The Economic state of play in the Asian Cooperation Dialogue Member Countries’
organised during the Asian Cooperation Dialogue (ACD) on Wednesday.
The
meeting was organised as a side-line event of the Foreign Minister’s Meeting of
the ACD. It was organised by the government of Turkey.
In
addition to this, Nepal’s 77 products have duty free access in the United
States and duty free quota free access to the European Union. It has high
potential in tourism, agriculture, clean energy and minerals as well.
“The
country is endowed with young working age population, low cost of labour. It is
the member of SAARC, BIMSTEC, WTO, BRI, MIGA and UNCTAD,” Basnet said.
He
also told the investors about the facility of two ports in India and seven in
China, including three dry ports.
“Having
such attractive potential for trade, tourism and investment, as well as
advantageous location, I would like to invite businessmen from all the 35
members of ACD nations, to come to Nepal to establish business relationship,”
he said in the conference organised virtually.
He
emphasised on boosting the existing trade relations and exploring the new
products for trade, and improving people to people relations among the member
nations to promote trade connectivity.
Meanwhile,
the FNCCI has expanded its Start-up and Innovation Committee.
The
business body on Wednesday added Siddanta Raj Pandey and Suman Shakya as the
joint-chairpersons and Prakash Dev Palikhe, Niraj Khanal, Dipendra Chaulagain,
Mausami Shrestha, Sumana Shrestha and Swarna Tamrakar as members.
Likewise,
Tenzing Sonar Gomsar and Kabiraj Joshi are inducted as the invitee members.
The
advisors of the committee are Om Raj Bhandari, Saurabh Jyoti and Anil
Chitrakar.
The
meeting of the committee chaired by Ranjit Acharya decided to arrange seed
capital for about 50 start-ups.
Published in The Rising Nepal daily on 21 January 2021.
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