FNCCI urges Korean delegation for investment in Nepal

KATHMANDU: Visiting Korean delegation led by Lee Sangheon, member of the National Assembly Republic of Korea, held a formal meeting with Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Senior Vice-President, Chandra Prasad Dhakal, and other members in Kathmandu, on Monday.

The meeting focused on strengthening the economic and business relations between Nepal and Korea, Korea’s investment in the development of tourism, infrastructure, agriculture and energy, the exchange of technology and the experience gained by Korea, and nature conservation among other issues.

Welcoming the Korean delegation, FNCCI Senior Vice-President Dhakal said the model of economic development done by Korea was also important for Nepal. If the relationship between the private sector of both countries can be strengthened, it will be easy to bring investment, technology and experience. He asked for cooperation in expanding the relationship between the private sectors of both countries.

Further, Dhakal asserted that the private sector has been constantly asking the government about bringing foreign investment and accordingly, the important laws related to foreign investment have been amended. He said that there was a strong possibility of getting big returns by investing in Nepal, and added they expected support from the delegation in the expansion of Korean investment. He also informed the Korean delegation that there were great investment opportunities in all sectors of Nepal.

Anjan Shrestha, FNCCI Vice President (Commodity); Bharatraj Acharya,  Chairperson, Industry Committee; FNCCI Director General Gokarna Raj Awasthi and a three-member Korean delegation participated in the meeting. The Federation asked for assistance in bringing Korean industries which were being translocated, to Nepal on the basis of good supply of clean energy, cheap labour and a large market.

On the occasion, Lee Sanggun spoke about the experience of Korea’s economic development and said Korea is always ready to help the economic development of Nepal. He also assured that they will cooperate and coordinate as much as possible in the implementation of the suggestions given by FNCCI.


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