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PM Oli urges NRNs to raise investment in Nepal

2018-10-14

Prime Minister KP Sharma Oli today urged non-resident Nepalis to increase their investment in Nepal.

Addressing the ‘Global Knowledge Convention 2018’ organised by Non-Resident Nepali Association (NRNA) in the Capital, Oli said that Nepal is in dire need of both investment and expertise of non-resident Nepalis (NRNs) and urged them to inject their investment and expertise for the development of the country.

“NRNs should remember that this is their country and the country needs their support in every aspect, including the development process,” said Oli.

Citing that the investment environment in Nepal has improved a lot recently, Oli assured that the current government will facilitate NRNs’ investment and development plans in Nepal. “NRNs are one of the important stakeholders for country’s development process and the road to prosperity. The government will collaborate with NRNs and facilitate their investment in the country through every means,” added Oli.

Similarly, the prime minister also assured that the government will introduce investment-friendly policies and amend existing business-related polices as per necessity of the business community.

Speaking at the occasion, Bhaban Bhatta, president of NRNA, said that NRNs are keen to work closely with the government and be an integral part of Nepal’s road to prosperity.

“Entrepreneurship development is a crucial aspect for a country to progress. This is where we want to work together with the
government,” said Bhatta, adding that the non-resident Nepalis will also help the government to achieve its development and economic goals by injecting investment and sharing their expertise.

On the occasion, Jiba Lamichhanne, former president of NRNA, said that the NRN community wishes to work with the government also to promote entrepreneurship in the country, increase investment and drive the country’s economy towards a better path.

The three-day convention intends to bring together Nepali expertise scattered around the world and discuss possible measures for Nepal’s growth, development and prosperity.

Source: The Himalayan Times