President Paudel urges Japanese investors to boost Nepal’s Key Sectors
President Paudel emphasized that Nepal’s national focus is now on achieving rapid socio-economic development, progress, and prosperity for its people.
KATHMANDU: President Ramchandra Paudel has called on Japanese investors to invest in Nepal’s priority sectors, including manufacturing, hydropower, tourism, services, information technology, mining, and agriculture.
Addressing a special ceremony in Tokyo marking the 70th anniversary of diplomatic relations between Nepal and Japan, President Paudel emphasized that Nepal’s national focus is now on achieving rapid socio-economic development, progress, and prosperity for its people.
“Following political consolidation, the Nepalese government has implemented extensive legal, procedural, and institutional reforms to ease trade, attract foreign investment, and promote innovation. We warmly invite Japanese investors to explore opportunities in Nepal’s priority sectors,” President Paudel said.
Highlighting the long-standing partnership between the two nations, he expressed confidence that the event would strengthen bilateral ties and pave the way for deeper, fruitful cooperation in the coming years.
“Our bilateral relationship encompasses political, economic, social, and cultural dimensions, as well as people-to-people connections, reinforced through regular high-level visits and growing collaboration,” he added.
President Paudel also drew attention to the shared cultural and spiritual heritage between Nepal and Japan, rooted in the teachings of Lord Buddha. “Lumbini, the birthplace of Buddha, serves as a strong bridge fostering friendly relations between our peoples. We are grateful for Japan’s continued support in developing Lumbini as a center of global peace,” he said.
Noting Japan’s role as a key partner in development aid, trade, investment, and tourism, President Paudel outlined Nepal’s ambitions to graduate from the Least Developed Country (LDC) category by the end of this year and achieve middle-income status by 2030.
“To achieve these milestones, we are focusing on attracting more foreign investment in national priority sectors, expanding trade, diversifying international linkages, promoting tourism, and adopting advanced technologies,” he stated.
President Paudel expressed satisfaction at Nepal’s growing popularity among Japanese tourists, citing the country’s adventure tourism and rich natural and cultural diversity. He emphasized Nepal’s desire to further expand tourism cooperation with Japan.
Acknowledging the safety and appeal Japan provides to Nepali students and youth, he thanked the Japanese government for its support and hospitality.
“Our nations share a long history of friendly relations. Since the establishment of diplomatic ties in 1956, Nepal and Japan have maintained a strong, trust-based, and cooperative relationship,” he said.
On the occasion, Japan’s State Minister for Foreign Affairs, Horii Iwao, said such visits play a vital role in deepening bilateral relations.
