‘We are planning to set up
water storage manufacturing unit in Nepal’
Managing Director, Shubham Acqualink, India
I have been to Nepal to explore the investment opportunities. My company has already initiated a small project related to water supply management with the government of Nepal. This time my company is planning to set up an industry related to water storage technology in Nepal and the total budget of this project is worth almost $1 million. The planned water storage manufacturing unit in Nepal basically aims to replace concrete water storage tanks in Nepal with more scientific and technological reservoirs. I am quite happy with the commitment that all stakeholders have expressed to facilitate investment in the country.
‘We are interested to work in
energy sector of Nepal’
We are basically interested in the energy sector of the country and want to work together with the government of Nepal and the private sector to utilise water resources and generate energy. Moreover, we have already registered a company called Power Investment Nepal Limited in Nepal to begin some energy related projects here. However, though our project proposal has been passed by other government agencies, the central bank of the country is yet to approve the project. We will invest in some energy related projects of the country once the central bank approves our proposal. We are happy that political leaders today have expressed their commitment to promote investment.
Representative, Geghepa Group, China
‘We will promote Nepal’s
investment potential in Turkey’
Chairman, Turkey-Greece Business Council
A team of our organisation is currently preparing a report of the Nepal Investment Summit. Once the report is finalised, we will take it to Turkey and circulate it to the business community there. Once we circulate the report, we assume that a large chunk of investors from Turkey will be encouraged to invest in potential sectors of Nepal. We basically aim to connect private sector of Nepal and Turkey and look into the investment possibilities. Directly connecting the private sector of both the countries means that politicians of both countries will not get a chance to play games. We are currently analysing investment atmosphere of Nepal and the existing government policies related to investment.
‘Consensus among stakeholders to
promote investment in Nepal is encouraging’
I have been in Nepal since long and I am happy with the development in the investment climate of the country in recent years. The Nepal Investment Summit is a timely event hosted by the government and I believe that the event will be a milestone event to draw huge investment in different potential sectors of the country. The Swiss Embassy will report all the outcomes and agendas of the Nepal Investment Summit to potential investors in Switzerland and encourage them to come to Nepal and invest. The recent consensus among stakeholders of Nepal for the country’s economic growth will certainly encourage foreign investors to come to Nepal and explore investment opportunities.
Consul, Head of Consular Affairs, Embassy of Switzerland in Nepal
'Govt's willingness to promote FDI
has encouraged investors'
Timothy J Higgins
Country Manager, Radiance Renewable Technologies PTE LTD, Singapore
Previously, potential investors were nervous to invest in Nepal. However, the current willingness shown by Nepal’s government and other stakeholders has encouraged investors a lot. I believe that the government of Nepal has hosted the Nepal Investment Summit at an appropriate moment and was also a much-needed event for the country. As Nepal went through political instability in the past, this directly affected the confidence of foreign investors. As the government of Nepal has vowed to introduce investment friendly policies, these policies should be implemented on time. Our company is aiming to invest in the hydropower sector of Nepal. Investing in Nepal is a win-win situation for both Nepal and investors.
'Provision to compensate FDI
needs to be introduced'
The event was well managed. We are already working in Nepal in different projects through Dolma Impact Fund. However, we plan to work further in sectors like renewal energy and information and communication technology (ICT). Nepal has developed a good regulatory framework to lure investment. However, the government should also introduce a provision to compensate investors and their projects. We are looking forward to work in different projects in Nepal in close coordination with the country’s private sector. We will also encourage Finnish investors to invest in Nepal. Nepal today has really developed a business friendly environment.
Investment Manager, Finnish Fund for Industrial Cooperation Ltd, Finland
'Quick decision making capacity
should be developed'
Chief Engineer and Senior Project Manager, Kulekhani III
The government of Nepal should have organised this event much earlier as such events are an open platform where investors come, study and decide to inject their investment. I believe that there are immense investment opportunities for foreign investors in sectors like roads, hydropower and tourism in Nepal. The Indian company, Wapcos Limited, which I represent, is currently working in four different hydel projects in Nepal. As per my experience, though regulatory framework in Nepal is good, government lacks timely decision making capacity. This has to be improved as delay in decision making process from the government will directly affect the project. Moreover, delay in decision making will delay the completion of the project thereby increasing production cost of projects, especially of hydropower projects. I believe that a significant number of foreign investors will be willing to come to Nepal after this summit. The government should assure that these investors are well-facilitated.
'The summit has certainly developed
positive mindset among foreign investors'
I am certainly inspired to invest in Nepal and I believe that other investors have been equally inspired by the event and by the commitments expressed by Nepali stakeholders to promote investment. I believe that major potential foreign investors have participated in the event and the event has been able to develop positive mindset among them. I have found that agriculture and infrastructure sectors like transportation are the major investment potential sectors in Nepal. It is positive to note that the government has expressed its commitment to deliver better regulatory framework in a bid to promote foreign investment. Moreover, I am moved by the effort and willingness of the Ministry of Industry (MoI) of Nepal to facilitate foreign investment in the country. I have already brought few investors from my country to Nepal and will certainly encourage a few more Dutch investors to come to Nepal and invest in different potential sectors.
Director, One to Watch, the Netherlands