German entrepreneurs appealed to consider investment in Nepal

Posted 2 months ago by Adarsha Devkota

The Nepali side has urged the German entrepreneurs’ group visiting Nepal to consider investment in Nepal, stating that there was an investment-friendly environment in the country lately. The officials from Nepal-German Chamber and Commerce and Industries (NFCCI) and the Nepal Tourism Board (NTB) made the appeal to the German business delegates arriving Nepal from City of Cologne at a programme jointly organized by NFCCI and NTB here today.

On the occasion, NGCCI former President and lawmaker Divya Mani Raj Bhandari stated that the visit by the German entrepreneurs has opened a new avenue for them to invest in the physical infrastructure and industries in Nepal.

Similarly, Non-Resident Nepali Association (NRNA) President Bhawan Bhatta shared that there were around 8,000 Non-Resident Nepalis (NRNs) in Germany and they were urged to consider investment in Nepal.

Likewise, Dr Claudia Heipe, Head of Department Cooperation at German Embassy in Nepal, informed that the German government has been providing support to Nepal in its information technology, renewable energy, education among others sectors and pledged that this cooperation would be extended.

Also, speaking at the event, Ernst Vleer, President of Business Club 99, said that they thoroughly deliberate on the social and economic developments of Nepal on the ‘Nepal Day’ observed every May 4 in the City of Cologne in his country and this visit had a bearing with that event.

Likewise, Ram Pratap Thapa, Counsel General of Nepal to Germany, viewed that the visit of the German entrepreneurs has increased the possibilities of further investment in Nepal.

Vice-President at NGCCI Anup Bahadur Malla cited about the highly exported Nepali products to Germany in the past, such as carpet, readymade garment, herbal products, tea and coffee which were on wane in terms of export to Germany lately.

He also spoke of the need to pay attention to the fact that the duplicate products from India were being exported to Germany which was adversely affecting the export business of Nepal.

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