KATHMANDU: Senior Vice-President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has called for foreign investment in Nepal to save the country from economic crisis in the aftermath of coronavirus pandemic.
Speaking on the sidelines of the annual general assembly (AGM) of the Federation of Nepali Journalists (FNJ) UK in London on Sunday, FNCCI Senior Vice President Dhakal said, Nepal is also facing an economic downturn due to the impacts of the Covid 19 pandemic in the world. He urged Nepalis around the world to bring in capital and technology to Nepal and make foreign investments to prevent the country from an economic crisis.
"Now, with the coordination of the Government of Nepal and Nepal Rastra Bank, non-resident Nepalis can open bank accounts in dollars," he said and urged NRNs to take advantage of this facility and bring in more investment in Nepal."
On the occasion, FNCCI Senior Vice President said the pandemic and then the ongoing Russia-Ukraine war has caused many problems including stagflation that has affected Nepal. He also opined that Nepal was one of the many countries that could get good returns from investment.
Addressing the meeting, Dhakal presented examples that there are many possibilities for investment in Nepal and maximum return could be obtained from investments. Dhakal, who is also chairman of the IME Group, also cited the experience of investing with NRNs.
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Published Date: July 11, 2022, 12:00 am
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