American investors willing to invest in Nepal: Keshap

Kathmandu, Apr. 28: Atul Keshap, Senior Vice President of the US Chamber of Commerce, a leading organisation of American businessmen, met Finance Minister Barsaman Pun on Friday. Keshap, who led private sector representatives to participate in the 3rd International Investment Summit to be held on April 28-29 in Kathmandu, met with Minister Pun on Friday at the Ministry in Singha Durbar. 

He said that many American investors were willing to invest in Nepal. He informed Minister Pun that Coca-Cola, a multinational company currently located in Nepal, was preparing to increase its investment on a large scale. 

He said that American companies were willing to invest heavily in the information technology sector and international level fun parks. “Coca-Cola is expanding investment on a very large scale,” he said. “We are willing to invest in international level fun parks and information technology.” 

He expressed his belief that the government of Nepal would create an environment for investment.

Nepal’s policy to welcome foreign investment: Minister Pun

In the meeting, Finance Minister Pun said that the government has given priority to bringing in international investment in Nepal.

He said that Prime Minister Pushpa Kamal Dahal ‘Prachanda’ instructed all the members of the Council of Ministers, including himself, to bring investment from outside the country and to encourage investors from within the country as well.

Minister Pun said that since Nepal was in favour of democratic system and competitive market, it wanted to be more open to the world. 

He said that in order to create an investment-friendly environment, the government had brought an ordinance to amend nine laws that are considered unfavourable to investment only a few days ago.

“We have advanced the process of reforming only nine laws through ordinances,” he said. “We think that we will continue to make further reforms based on the changed context and the suggestions of investors.”

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