Kathmandu, Sept. 23
President of the Federation of Nepalese Chambers of
Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has highlighted the need
for increased investment in tourism infrastructure, promoting Nepal as a major
tourist destination.
Speaking at the 37th Asian Trade Promotion
Forum held in Bangkok on Monday, Dhakal informed foreign investors about the
potential opportunities in sectors like hotels, theme parks and adventure
tourism destinations. Highlighting the growing demand for resorts in Nepal, he
mentioned opportunities for partnerships in this sector, the FNCCI informed in
a statement.
He also emphasised the investment opportunities in
Nepal's information and communication technology and film industries. He
informed that there has been a significant growth in sectors like handicrafts,
music, films and digital art, which has not only contributed to economic
development but also helped preserve Nepal's rich cultural heritage.
Discussing the opportunities in Nepal's information
and communication technology industry, Dhakal mentioned that the country's
young and energetic population has been contributing immensely to this sector,
according to the statement. However, he pointed out the need for financial
access, capacity building and market access for small and medium enterprises to
fully utilise the potential of this sector.
Dhakal also highlighted the strategic advantages Nepal
offers to foreign investors. He informed that Nepal has recently amended eight
investment-related laws and endorsed a bilateral investment treaty framework to
facilitate foreign investment.
Dhakal further discussed the growing potential of
Nepal's hydropower sector. He mentioned India's commitment to purchase 10,000
megawatts of electricity from Nepal in the next 10 years and the new
opportunities emerging in Bangladesh.
Published in The Rising Nepal daily on 24 September 2024.
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