FNCCI Woos German Investment

FNCCI Woos German Investment

March 13, 2015, 5:45 p.m. Published in Magazine Issue: Vol: 08 No. -17 March. 06- 2015 (Falgun 22, 2071)

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has sought the support of the German envoy to invite German investors in the country.

In a meeting with German Ambassador to Nepal Matthias Alfred Meyer at the FNCCI secretariat today, FNCCI President Pradeep Jung Pandey said that it is the right time for foreign investors to bring investment in Nepal. “Investors can book high profit in Nepal by investing in hydropower, road projects, commercial farming, tourism and hospitality sectors,” the statement issued by FNCCI quoted Pandey as saying.

Pandey also said that the investment climate is improving and the recent Doing Business Report of the World Bank Group has ranked Nepal second among South Asian nations, as per the statement. He also informed about the commitments made by the government for investment-friendly legislations.

In the meeting, Ambassador Meyer assured that he would convey the message to German investors through the German government, as per the press statement.

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