Ambassador Leela Mani Paudyal hosted a reception this evening in honor of a 1O-member Nepali parliamentary delegation led by Rabindra Adhikari, Chairperson of the Development Committee of the Legislature-Parliament of Nepal.
The parliamentary delegation is on visit to China at the invitation of the Chinese People's Institute of Foreign Affairs from L0- 17 August 20t7. While extending a warm welcome to the parliamentary delegation, the Ambassador expressed his best wishes for a successful and productive visit.
Ambassador hoped that observations and meetings of members of parliaments in China with relevant departments would help understand the speedy ways of execution of the development projects and also help identify the priority areas for securing higher economic growth that successfully applied by Chinese development agencies. He also briefed on the activities performed by the Embassy during the last fiscal year.
Chairperson Adhikari briefly outlined the objectives of the visit, and expressed his views on further strengthening the relations between Nepal and China. Ambassador also attended a reception hosted by Ou Boqian, VicePresident of Chinese People's institute of Foreign Affairs in honor of the Nepali delegation.
Separately today, an investment review meeting was held at the Embassy with the representatives of Chinese investment companies who had pledged their investment during the Nepal investment Summit held in Kathmandu on 2-3 March 20L7.
Welcoming the participants, the Ambassador outlined the purpose of the meeting and said that the Embassy wanted to review the status of their investment since the Summit, and expressed his willingness to facilitate their investment in Nepal. Such kind of periodic review would help understand the concerns of the investors, he said.
During the meeting, the Ambassador responded to the queries raised by representatives of Chinese companies basically on investment policies, rules, procedural matters, risk factors, fund transfer, hydropower project development, tax rebate, incentives and overall investment environment in the country. The representatives from Chinese companies were also briefed on additional projects on SEZ, hotels and resorts as developed by the Investment Board of Nepal recently. Representatives of several Chinese companies and officials of the Embassy of Nepal participated in the meeting.