The third Nepal Investment Summit 2024 has served as a platform for national and international entrepreneurs to showcase Nepal’s investment-friendly climate and abundant opportunities. During the session ‘Success Stories of Investment in Nepal,’ participants shared their experiences of thriving businesses in the Himalayan nation and expressed optimism about the prospects of investing in various sectors.
The session, presided over by Dr. Baikuntha Aryal, Chief Secretary of the Government of Nepal, witnessed a presentation by Radhesh Pant, former CEO of the Investment Board. Bhawani Rana, a board member and former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), shed light on Nepal’s investor-friendly environment and highlighted the country’s labor situation. Rana also shared her personal experiences in Nepal’s emerging digital economy, citing promising investment opportunities.
Devyani Rajya Laxmi Rana, Vice President of Public Affairs, Communications, and Sustainability for Coca-Cola India and South West Asia, shared insights into the company’s successful businesses in Nepal and their growth stories. Arun Dhiman, CEO of SJVN Arun-3 Power Development Company, expressed the company’s commitment to the Nepali hydropower sector, stating their readiness to bring in further investments.
Hou Zong, Managing Director of Sinohydro-Sagarmatha Power Company Limited, highlighted the Chinese investment, technology, and skills brought to Nepal through large infrastructure projects, including hydropower developments. Amlan Mukharjee, Managing Director of Unilever Nepal, revealed plans to expand product offerings in the country and called for a more favorable investment climate.
Samrath Mogha, Vice President of Mogha Energy, USA, shared his positive experience regarding the convenience of considering investments in Nepal. In the context of the government’s goal to export 10,000 megawatts of electricity within 10 years, Mogha acknowledged the challenges of investing in physical infrastructure for the hydropower sector.
Gokarnaraj Awasthi, Director General of the FNCCI, asserted Nepal’s potential to cater to the vast markets of neighboring India and China, emphasizing the country’s untapped opportunities for domestic goods production and investment.
The Summit, aimed at attracting foreign direct investment and implementing economic development projects, will continue until tomorrow. A total of 153 projects were showcased for investment during the inaugural session, which was graced by Prime Minister Pushpa Kamal Dahal ‘Prachanda.’ Over 2,000 investors from more than 60 countries are participating in the event, highlighting Nepal’s growing appeal as an investment destination.
