FNCCI President urges NRNs in Qatar to invest in various sectors in Nepal

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has urged Non-resident Nepalis (NRNs) in Qatar to consider investing in various sectors in Nepal. Addressing the conference of ‘Nepal Business Association Qatar’ in Doha, Dhakal emphasized Nepal’s potential in tourism, infrastructure development, renewable energy, and agriculture.

President Dhakal acknowledged the significant contribution of Nepali workers to Qatar’s economic growth and urged NRNs to establish a technical school in Nepal to enhance the skills of these workers. He highlighted Qatar’s expertise in urbanization and information technology, suggesting that such experiences could be applied in Nepal.

Emphasizing the favorable legal provisions introduced by the Nepali government for non-resident Nepalis, Dhakal encouraged them to take advantage of the opportunity to invest in Nepal. He expressed confidence that recent legal provisions, including those related to citizenship, have made it easier and safer for NRNs to conduct business in Nepal.

With the Nepal government and FNCCI planning an investment conference to attract foreign investments, President Dhakal urged NRNs in Qatar to create a conducive investment environment in Nepal and encourage Qatari investors to do the same.

Dhakal highlighted Nepal’s geopolitical position and trade opportunities with emerging economies like India and China. He also praised the recent high-level agreement on energy with India, stating that it opens avenues for investment in hydropower and energy trade in Nepal.