FNCCI President Urges Ambassadors to Champion Foreign Investment in Nepal

In a strategic move to bolster Nepal’s economic landscape, Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), rallied ambassadors from various nations to advocate for increased Foreign Direct Investment (FDI) in Nepal.

During a luncheon held at the scenic Lumbini Cable Car top station, as part of the HCCN Lumbini Conclave, Dhakal, who also serves as the Vice Dean of HCCN, showcased Nepal’s abundant tourism potential. He accentuated the allure of hill station resorts, religious tourism sites, and cable car attractions, painting a vivid picture of Nepal’s diverse experiences, from thrilling adventures amidst the Himalayas to tranquil spiritual journeys.

Highlighting ongoing efforts to fortify tourism infrastructure, Dhakal unveiled plans for a luxurious 150-bed hotel, complete with a casino and a spacious meeting hall capable of hosting over 700 individuals. Moreover, he disclosed ambitious endeavors to expand cable car projects nationwide, promising enhanced accessibility and exploration opportunities.

Beyond the realm of tourism, Dhakal underscored investment prospects in key sectors such as hydropower, renewable energy, information technology, agriculture, and infrastructure development. He commended governmental initiatives aimed at cultivating an investment-friendly environment through legislative revisions and policy enhancements.

The upcoming Nepal Investment Summit, slated for April 28-29 and co-organized by FNCCI, signals Nepal’s unwavering commitment to positioning itself as an attractive investment destination. Dhakal stressed the importance of promoting Lumbini, revered as the birthplace of Lord Buddha, not only for its spiritual significance but also for its potential contributions to regional cultural and economic prosperity.

Calling for concerted efforts to harness Nepal’s untapped opportunities, Dhakal emphasized the imperative of driving economic growth and forging a path towards a sustainable future for generations to come.