NCC urges Malaysia for establishment of industrial village in Nepal

Nepal Chamber of Commerce (NCC) has urged Malaysia for the establishment of an industrial village in Nepal. During a meeting held between the Chairperson of the NCC, Rajendra Malla and Charge d'Affaires of Malaysia to Nepal, Mohd Fadzle Abu Hassan, in the capital on Monday (May 23). the former asked the latter for such establishment as per the concept of the integrated investment in tourism, information technology, and production.

Chairperson Malla also assured the Charge d'Affaires that the NCC will take the initiative to facilitate the Malaysian investment in this regard. "Malaysian is already the best labor destination for Nepal as around 400 thousand Nepali youths work there. In addition to labor, we request the Malaysian government for investment in other sectors, including business, tourism, hydropower, and information," Malla said .

In response, the Charge d'Affaires Hassan however said they were not clear about the law on the guarantee of returns although they were ready for the investment. "Malaysia has been expanding its investment in the IT sector in South Asian countries. But, further clarity on the policy regarding investment return is imperative," he stressed. ---