Nepal is a virgin land for investment, says PM Oli (with full text)

KATHMANDU: Prime Minister KP Sharma Oli has said that Nepal is a virgin land for investment.

Inaugurating the summit at Soaltee Crowne Plaza in the capital on Friday, Prime Minister Oli said, Nepal is a virgin land where immense opportunities are awaiting your investment to uplift the living standard of 30 million honest and hardworking people.

Addressing the summit, Oli said the environment is stable and remains fully committed to protecting your investment with assured profit.

“There is a conducive environment now following the promulgation of the constitution and the successful conduction of the three tiers of the elections – federal, provincial and local,” Oli said, urging the guests to explore and share the abundant opportunities Nepal can offer.

Stating that Nepal is a second home and a place of your constant interest, and a hub of your business, Oli urged the guests to jointly explore and share the investment opportunities that Nepal can offer.

Tourism, hydropower, infrastructures including roads  and agriculture are the sectors potential for investment, said Oli.

Nepal government is hopeful that the summit will bring an investment of over Rs 30 trillion in the country through 77 different projects.

Over 600 international guests from over 40 countries are taking part in the two-day summit.

Read the full text of Prime Minister Oli’s address to the summit below: