Discussion on Nepal-Malaysia investment promotion

Kathmandu: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and Malaysia-Nepal Business Council held a discussion on the expansion and promotion of investment in Nepal-Malaysia business and mutual cooperation.

During the discussion held at FNCCI secretariat on Thursday, the issues featured were bilateral trade, investment promotion, expansion of tourism activities and construction, and cooperation on agriculture, energy, IT and service sectors.

On the occasion, FNCCI officials informed the Malaysian side of the opportunities for expansion of Nepal-Malaysia cooperation in the business front.

Senior Vice President Anjan Shrestha said regional cooperation was prioritised by Nepal through organisations like SAARC and BIMSTEC. In order to reduce trade loss with Malaysia, Nepal wants to increase exports and bring further investment from Malaysia.

The private sector from Malaysia could play a significant role in linking Nepal with ASEAN. He further informed that Nepal had created investment friendly atmosphere by amending eight Acts on it. “FNCCI is ready to facilitate foreign businesspersons to pour in money in Nepal’s potential sectors,” he assured.

On the occasion, Council’s Chairperson Pradeep Kumar Kukreja observed there was huge potential for investment and business promotion between Malaysia and Nepal.

“Malaysia has made tremendous progress in infrastructure development, IT and tourism in recent decades. Cooperation can be made with Nepal in these sectors. Council is also ready to facilitate in investment by Malaysian businesspersons,” Chairperson Kukreja said.