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Indian businesses urged to invest in Nepal hydropower, tourism

FNCCI senior vice-president Chandra Prasad Dhakal addresses an event, in Kathmandu, on Thursday, August 18, 2022.
FNCCI senior vice-president Chandra Prasad Dhakal addresses an event, in Kathmandu, on Thursday, August 18, 2022.

Kathmandu, August 18

Senior vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has asked the visiting Indain business delegates to invest in Nepal hydropower and tourism infrastructures.

Addressing an interaction programme between visiting delegates from Utkal Chamber of Commerce and Industry, Odisha, India, and the Nepali business community in the capital on Thursday, Dhakal, also the acting president of the FNCCI, asked the Indian business leaders to invest in Nepal’s key lucrative sectors.

He said that Nepal’s strategic location between the two growing economies provides it with ample market opportunities.

“We are between two giants and emerging economies. Nepal has duty-free market access to India, China, the EU and partially the USA,” he said, “Multinational companies here are making a good profit.”

Stating that Nepal and India share special historical, cultural and religious relations, he asked the Indian business community to expand and strengthen their business relationship with the Nepali business community as well.

“Let’s expand the business-to-business relations to a new height by starting a new level of collaboration from these visiting delegates,” he said.

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