Chamber of Commerce President Urges Non-Resident Nepalis to Invest Capital, Skills, and Experience in National Development

Kathmandu. Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has urged Non-Resident Nepalis (NRNs) to connect their capital, skills, and experience with Nepal's economic prosperity and development.

Welcoming the newly elected committee of the Non-Resident Nepali Association (NRNA) at the FNCCI Secretariat in Teku on Friday, President Dhakal mentioned that there are ample investment opportunities in Nepal and stressed the need to utilize the capital, skills, and experience of NRNs for the nation's development.

He stated that the FNCCI's initiatives have led to significant policy reforms, and now an environment conducive to investment is being created. "The FNCCI has lobbied extensively with the Government of Nepal to reduce policy and procedural complexities, create a favorable environment for attracting foreign investment, and simplify other processes, resulting in numerous policy reforms. If we can collaborate effectively, we can achieve a great deal for Nepal and Nepalis," he said.

President Dhakal further informed that, through the FNCCI's recent initiative, the Nepal Development Company Limited worth NPR 10 billion has been established, and this company is working to promote investment in energy, infrastructure, tourism, and other productive sectors. He urged NRNs to invest in the company and co-invest in potential projects.

On the occasion, NRNA President Dr. Hemraj Sharma expressed the desire of Non-Resident Nepalis to be partners in Nepal's development. "The non-resident movement was weakened due to various reasons. Now, we have successfully completed a general convention of unity unanimously. When the Nepali diaspora unites, the message it sends and the work it does in Nepal will be clearer. Our emphasis is also on applying our knowledge, skills, and capital to Nepal's development," he stated.

FNCCI Vice President Surakshya Vaidya mentioned that investment is essential for the country's economic prosperity and expressed the view that NRNs can invest in various sectors in Nepal.

Similarly, FNCCI Treasurer Bharat Raj Acharya urged investment in the green economy sector in Nepal, alongside investments in other areas.

Discussions were held regarding investment opportunities in Nepal's priority sectors, including tourism, energy, infrastructure development, transportation, and information technology.