Nepal to extend all needful support to Indian investors: Oli

Seeking attention of Indian businesses, Nepal Prime Minister K P Sharma Oli today said his government is committed to economic reforms and will extend all necessary support to investors approaching the Himalayan nation.
Addressing a business meeting organised by Ficci here, Oli said: "Our common future lies in our shared prosperity. There is no alternative to cooperate and collaborate for mutual benefits."
"We invite the private sector, domestic and foreign, to invest resources, produce goods and services and create jobs. My government is committed to reform policies and expect the private sector to invest. My government will extend all needful support to facilitate your investments in Nepal.

Outlining the areas of economic cooperation between the two countries, the Nepalese Prime Minister said : "Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries. Hydropower could be a prime choice... Solar and biomass also have good possibility.
Sharing his government's plans for Nepal's development, Oli said, "We have planned to set up special economic zones and industrial estates in major business hubs of the country. Most of these will be established in the plain land next to India-Nepal border."
He said Nepal aims to enter the league of developing nations by 2022.

"We are also working closely with India, Bangladesh and Bhutan to improve trade, transit, connectivity and cooperation at the sub-regional level," he added.
Pointing out that Nepal has signed a Power Trade Agreement with India, Oli said: "I have been informed that Government of India is reviewing its policy and is promoting public private partnership including in large scale infrastructure projects."
Terming India's progress as inspiring, he said: "As a close neighbour, we want to benefit from your success.