DPM urges Chinese businesspeople to invest in Nepal

 Kathmandu, May 31

Deputy Prime Minister and Minister for Home Affairs, Narayan Kaji Shrestha has called Chinese businesspeople for investment in Nepal's priority areas.

Addressing a delegation from Sichuan Province of China led by Wang Xiaohui, Secretary of the Sichuan provincial committee of Communist Party of China at a programme in the Capital on Wednesday, he expressed the government's commitment for investment safety and facilitation through institutional, policy and structural reforms.

DPM Shrestha provided an update to the visiting guests on the investment-friendly policies and government efforts to further support in the endeavours.

Recognising China as a longstanding and reliable partner in trade and development, he highlighted numerous opportunities for both countries to enhance their bilateral trade and investment cooperation in the future.

He also appreciated the cooperation of China in Nepal's need and the former's commitment to Nepal's territorial integrity.

"High level political exchanges have paved way for agreements for sustained relationship between the two nations and development cooperation. However, we have lot to do to tap the potential in trade, investment, culture and many other areas so that both the countries benefit from them," said DPM Shrestha.

According to him, this high-level exchange will be important in trade partnership, investment promotion and tourist attraction. Chengdu has become one of the centres in China for various exchanges including trade and culture with Nepal.

Speaking at the programme, Sichuan party committee Secretary, Wang, stressed on further deepening of the business, culture and people to people relations between China and Nepal.  

"Nepal and China enjoy age-old relations between since old silk route trade era. We hope that the business community of both the countries will work to enhance bilateral exchange of business and investment," he said.

Wang also said that international trade and financial situation is complex and this is the time to create better trade and other relations.

He also stated that people to people relations have created a possibility for new political and economic friendship.

Stating that making successful projects and enhancing bilateral relations is at the core of the exchanges between the two countries, Wang invited Nepali businesspeople to visit Sichuan Province.

Published in The Rising Nepal daily on 1 June 2023.