KATHMANDU: Prime Minister KP Oli has reiterated his urge to foreign investors to make an investment in Nepal.
Speaking at the ‘India Nepal Logistics Summit’ in Kathmandu on Sunday, PM Oli said that the government had created an environment that is conducive for investment in Nepal by removing all legal, institutional and procedural hurdles to ensure that investors could invest in Nepal confidently.
He said that an act relating to making provisions for investment and public-private partnership and investment as well as on foreign investment and technology transfer has already been implemented.
“Nepal calls upon investors across the world as well as India to invest in Nepal,” he said adding that Nepal has now a political stability government besides an investment-friendly environment.
He further stated that the expansion of the road network in the country was accorded top priority and that the work for the operation of railway and water transportation was going on.
He said that the customs system has been systematized while the government has provided a better atmosphere for the business communities for trade and commerce.
PM Oli said that the government was making efforts to intervene in the growing trade deficit through regional and sub-regional organizations such as SAARC, BBIN, and BIMSTEC.
He added that the government has also established a shipping office in Kathmandu to add the means of transportation adding that the government has initiated the process for railway construction.
According to him, roads along the Nepal-India border have been widened. The import and transport of cargo, he said, have been made easier with the improvement of highways in the Indian states of Uttar Pradesh and Bihar.
Indian Ambassador to Nepal, Manjiv Singh Puri, said that the Prime Ministers of Nepal and India had jointly inaugurated the Integrated Customs Post at Birgunj. He added that the inaugural which would be in carried out in Biratnagar soon would help add new dimension in trade between the two countries.
Ambassador Puri said that the construction of the Motihari-Amlekhgunj Petroleum Pipeline has been completed and that the cargo and logistics sectors have been eased.