NCC urges Japanese industrialists to invest in Nepal


November 29, 2023


NCC urges Japanese industrialists to invest in Nepal

Building of the Nepal Chamber of Commerce in Kathmandu/File Photo for Representation

KATHMANDU: The Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal.

NCC President Rajendra Malla suggested Japanese investment and partnership during discussions with the visiting representatives of the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSEA).

He urged Japanese entrepreneurs to invest in the hydropower development, tourism, industrial and electric sectors in Nepal.

“Nepal and Japan have high-level economic and diplomatic relations. Nepal is the best destination for investment. I urge the Japanese industrialists and businesspersons to invest in the hydropower, tourism, industry, among other sectors, in Nepal,” he said.

ICOSEA President Kurose Nabuhiro had inquired about the prospective sectors for investment in Nepal.

He shared that the small and medium enterprises were the hardest-hit sectors after the COVID-19 pandemic.

The ICOSEA President expressed the commitment to move ahead with partnering with NCC for joint investment in the potential sectors for investment, including hydroelectricity, tourism and others, in Nepal.