Nepal woos Telangana investors

Energy, tourism, IT infrastructure, agriculture among 10 focus investment sectors

Published - May 04, 2018 11:56 pm IST - HYDERABAD

Nepal on Friday rolled out the red carpet for investors from Telangana by highlighting it now boasts of a strong and stable government, had initiated various economic reforms and extended special privileges to Indian investors.

“Now we have a strong and stable government,” said Bharat Kumar Regmi, Charge d’Affaires at the Nepal Embassy in New Delhi.

Addressing a seminar on tourism, trade and investment opportunities in Nepal, organised here by the Embassy and industry body FICCI, Mr. Regmi said 2017 and the first quarter of this year were crucial for Nepal as they were marked by concluding phase of the peace process that began a decade ago, last leg transition of implementation of constitution and successful conduct of three tier elections.

With resolution of political issues, Nepal was set for economic prosperity, he said, urging prospective investors to take advantage of his government’s favourable industrial and investment policies.

Making a presentation, Minister-Economic in the Embassy Krishna Hari Pushkar said 10 areas identified for growth were hydro-electricity, transportation, agriculture, tourism, infrastructure, information technology, mines and minerals, financial institutions, telecommunication and health and education.

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