Prime Minister KP Sharma Oli has urged the international investor to develop Nepal as a center of trade, giving information about 75 potential projects selected for investment. Addressing the Nepal Investment Summit, which started from Friday in the capital, addressing the main speaker, he said that foreign investment was essential for the country's socio-economic transformation.
PM expressed the optimistic thinking that the Nepalese economic development could be done, and the nation would be able to speed up Nepal's development process through the partnership with friends and good wishes.
Prime Minister said that the development of a partnership for the friendly friendship and mutual benefit, will get adequate investment in Nepal from its partnership and its attractive return will be to the investors. "
He said that the need to invest life level of thirty million honest and hardworking Nepalese, which has an unprecedented opportunity for investing, urged the stable Government of Nepal to take advantage of the benefits of profit, including investment protection.
He requested to invest in Nepal as the second home as Buddha's birthplace and top peak, Sagarmatha, as the second home. The Prime Minister also expressed the confidence that the guest would be motivated to invest investors in the Nepalese people.
He said that Nepali consumers are consuming even more than the topmost, increasing the purchasing power of the internal market and middle-class population, developing and developing the country as a business partner for the minority. He also said that the barrier of physical contact has been gradually eradicated.
Prime Minister Oli said, 'Multi-national contact networks with both neighboring countries have included roads, railways, waterways, airways, and transmission lines. Nepal is suitable for investment; profit will be benefited even by investing in any area. Hydropower sector can be the main center of investment.
Prime Minister said that agriculture, production sector, tourism, physical infrastructure, information technology, minerals and mining sectors are also waiting for investment.
Convert water into property:
While trying to build basic infrastructure for the construction of an inter-transmission line, the current understanding in the BIMSTEC grid intake in attracting electricity to the BIMSTEC sector has attracted investments in hydropower in Nepal, while emphasizing that Prime Minister Oli lost the opportunity to transform water into a property.
Three thousand MW in the three year, five thousand MW in the Five years and in the 10 years aiming to generate 15000 MW of power generation, he said that the internal consumption of electricity along with rapid industrialization was increasing and due to the positive efforts of India, the possibility of electricity sales in the regional market increased.
He said that the flexible country, which keeps the door open for financial policy and foreign investment, has left some sensitive area and open investment in all sectors of foreign investment in all sectors.
He said that the arrangement of tax exemption to the industry which has been set to meet the criteria set out attractive encouragement to institutional tax, import tax, and export simulation. Prime Minister Oli emphasized that the competitive tax system, laboratories, youth workers, cheap laborers, multilateral manpower and deprived expenditure will be encouraged because of the high returns of investment.
'Infrastructure construction is in the priority of the current government. The commitment of the government has reflected in the progress of important infrastructure, "he said." We have arranged an electricity supply for four hours a day. We will soon have additional electricity, significant improvement in the country and internally expanding road connectivity. And there has been a reality in the Kathmandu-Territory route, which is limited to the dream in the past few years ago.
