FNCCI President Chandra Dhakal Urges Global Community to Invest in Nepal

President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Prasad Dhakal, has called on the global community to explore investment opportunities in Nepal. Speaking during his visit to the USA, where he is attending the annual meetings of the World Bank and International Monetary Fund (IMF), Dhakal emphasized Nepal’s conducive environment for foreign investment, citing recent legislative amendments designed to facilitate such investments.

In a meeting with high-ranking officials from both organizations on Wednesday, Dhakal assured that the FNCCI would coordinate efforts to support foreign investors looking to enter Nepal’s market. During his discussions with Imad Fakhoury, Regional Director for South Asia at the International Finance Corporation (IFC), Dhakal explored IFC’s role in strengthening Nepal’s private sector.

The conversations also touched on global economic challenges, including the impacts of the COVID-19 pandemic and the Russia-Ukraine conflict on Nepal’s economy. Dhakal highlighted key sectors ripe for foreign investment, such as hydropower, tourism infrastructure, and information technology, and urged the international community to consider these opportunities.

Dhakal also met with British International Investment’s Executive Director Samir Abhyankar, discussing the potential for increased investment in Nepal’s tourism, hospitality, hydropower, and infrastructure sectors, given their immense potential for growth.

Representatives from the IFC and the FNCCI were also present at the meetings.