PM Oli calls on Thai investors to invest in Nepal

KATHMANDU: On the third day of his official visit to Thailand, Prime Minister KP Sharma Oli held discussions with business leaders from both Thailand and Nepal.

The focus of these talks was on potential investment opportunities in Nepal and exploring avenues for bilateral cooperation.

Dr. Yuvaraj Khatiwada, the Prime Minister’s Economic Advisor, mentioned that the meeting covered various aspects of investment, emphasizing that Nepal is ready for emotional and collaborative partnerships.

According to Dr. Khatiwada, the discussions extended beyond just financial investments, as Thai investors were keen to explore how they could contribute to Nepal’s development in diverse sectors.

Prominent Thai business figures from industries such as construction, hospitality, food processing, and tourism participated in the discussions.

They expressed strong interest in investing in Nepal, seeing great potential in the country’s growing markets.

During the talks, Dr. Khatiwada emphasized that Nepal is keen on finding the right local partners to facilitate these investments.

Thai investors raised concerns about Nepal’s foreign exchange policies and the ease of repatriating profits, highlighting the importance of streamlining administrative processes to attract more investments.

They also advocated for reducing customs duties and improving regulatory systems to ease investment flow.

Chandra Prasad Dhakal, Chair of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), also contributed to the discussion.

He shared that areas requiring investment in Nepal were clearly outlined and that Prime Minister Oli had encouraged Thai investors to explore these sectors.

Dhakal noted that after legal reforms, investment procedures in Nepal have become more accessible. He assured Thai investors that Nepal has revised several traditional laws that previously acted as obstacles to investments, making the environment more conducive for foreign businesses.

Thai investors showed particular interest in sectors like tourism, hospitality, healthcare, and construction-related raw materials, areas where Nepal holds significant investment potential.

They also inquired about the legal framework concerning the ease of repatriating profits and the country’s foreign currency reserves, reflecting their concerns about financial security.

In response, Nepalese business leaders highlighted the numerous opportunities for investment in Nepal. They pointed to the hydropower sector, where agreements have been made with India for the generation of 10,000 MW of electricity, as well as the untapped potential in Nepal’s tourism industry.

They reassured Thai investors that there are plenty of prospects for profitable and sustainable investments in the country.

This dialogue signals growing optimism for increased Thai investment in Nepal, with a focus on mutual economic growth and collaboration between the two nations.