KATHMANDU, OCT 2: In order to boost Germany’s investment in Nepal, the first of its kind conference has begun in the capital city starting today. The conference jointly organized by the Investment Board, Embassy of Germany and the Nepal-German Chamber of Commerce is being attended by various industrialists, project experts, and other technocrats. A special 14 member delegation led by Hans- Werner Brauch Deputy Head of Cologne is in the capital for the event.
Speaking at the program the Ambassador of Germany to Nepal Roland Schafer said, “there is a lot of opportunities and potential for development, and that Nepal is now on the path to economic prosperity along with political stability”. He was hopeful that the Nepal Germany partnership can be enhanced in the areas of infrastructural development, cultural exchange and tourism, he also said that “private business will be an added advantage and will be a new dimension altogether”.
Also at the program, the Secretary of the Ministry of Industry, Commerce and Supplies Baikuntha Aryal said that ” the government has modified existing laws in order to attract more foreign investment into the country. We are also making institutional arrangements in order to facilitate newer investment opportunities. Germany is the third-largest country in terms of export of Nepalese goods and they are an important partner”.
The Chief Executive Officer of the Investment Board Maha Prasad Adhikari said that in order for Prosperous Nepal and Happy Nepali, the government has to create a favorable environment for attracting foreign investment which is much needed in order to fulfill the aspirations and objectives of the people. He said that it would be fundamental to the economic prosperity of the country.
Anup Malla, President of the Nepal-German Chamber of Commerce and Industry laid emphasis on trade and investment growth in order to build a smart and green economy. He urged the industrialists of Germany to invest in producing technical and skilled manpower.
Sanjiv Shakya, the founder of the Nepal Economic Forum, said that Nepal has enormous potential for prosperity due to its geography, population, and environment.
Similary the Deputy head of Cologne, said “there is a lot of potential for German investment in Nepal, adding that he will cooperate with the municipality in the coming days. He also said that diplomatic ties between Germany and Nepal have expanded over the years”.
Deputy Head Brauch also visited the historic sites of Lalitpur and Kirtipur praising the historical and cultural significance and importance of ancient history.