"Nepal could be a prime destination for Chinese investment and tourism"

The President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, and the Chinese Ambassador to Nepal, Chen Song, has convened a meeting.

During the meeting held yesterday  at the FNCCI's office in the capital, President Dhakal highlighted the potential for Nepal to emerge as a significant hub for Chinese investment and tourism. A press statement released by the Federation outlined that Dhakal emphasized Nepal's promising sectors for foreign investment, including manufacturing, energy, and tourism infrastructure.

Dhakal underscored the importance of establishing direct flights from major Chinese cities to all of Nepal's international airports to boost tourism. He urged the Chinese envoy to prioritize Nepal as a key destination for Chinese tourists. Additionally, he mentioned FNCCI's efforts in promoting small enterprises and encouraged the Chinese embassy in Nepal to facilitate exposure visits to China for micro entrepreneurs.

President Dhakal also brought to the attention of the Chinese ambassador the potential for Chinese banks to enter Nepal's banking sector.

In response, Chinese Envoy Song expressed the enthusiasm of Chinese investors to invest in Nepal, particularly in sectors such as manufacturing, agriculture, and energy. He stressed the necessity of creating a conducive environment in Nepal for such investments, emphasizing stability in policies and streamlined processes.

The ambassador highlighted China's success in becoming a global manufacturing leader through foreign investment and stressed the importance of facilitating convenient repatriation of investments for investors.

Envoy Song informed that discussions were underway regarding the resumption of the Tatopani Check Point and the potential entry of Chinese banks into Nepal.

The meeting between President Dhakal and Chinese Ambassador Song showcased the mutual interest and potential for collaboration between Nepal and China across various sectors.