Press Release issued by the Embassy of Nepal, Bangkok regarding the Investment Promotion Programme

Press Release

The Embassy of Nepal, Bangkok, in coordination with the Federation of Thai Industries, organised an investment promotion programme in Bangkok on 27 February 2018. A large number of business entrepreneurs from both Nepal and Thailand, media persons, representatives of Federation of Thai Industries, Board of Investment of Thailand, Thai Chamber of Commerce, Thai-Nepal Chamber Commerce, Non-Resident Nepali Association, Thailand and Thai Nepali Association participated in the programme.

Welcoming all the participants, Mr. Kriengkrai Thiennukul, Vice Chairman of the Federation of Thai Industries, encouraged the participants to create strong business relations between Nepal and Thailand.

In his opening remarks, H. E. Ambassador Dr. Khaga Nath Adhikari spoke about the opportunities available for investors in Nepal. He said that Nepal has now stable Government which is committed to making effective arrangements for security of foreign investment, and encouraged the business community to make investment in Nepal.

Addressing the gathering, Mr. Chen Namchaisiri, Chairman of the Federation of Thai Industries, said that Nepal can export Nepali tea, medicinal herbs, handicraft items, raw materials etc. to Thailand, and import electrical goods, consumer goods, garment products etc. from Thailand. Ms. Kamala Shrestha, Executive Committee Member and Chairperson, Women Entrepreneurship Development Committee, FNCCI and Leader of the Nepali delegation also made opening remarks and spoke about the business opportunities in Nepal.

Mr. Krishna Shivakriskul, Chairman of Thai-Nepal Chamber of Commerce, made a presentation and shed light on the investment opportunities in Nepal. During his presentation, Mr. Krishna said that GDP of Nepal is low, however, Nepal is rich in its untapped natural resources, and called upon all the businessmen to invest in Nepal which would help increase Nepal’s GDP.

Mr. Uttam Bhakta Wagle, Joint Secretary of Nepal Investment Board, made detailed power point presentation on Investment Opportunities in Nepal. In his presentation, he covered various aspects, including opportunities, institutional arrangements for FDI, policy reforms on FDI, investment process, sector overview, and projects & project ideas.
After the formal part of the programme, business entrepreneurs from both countries had a fruitful B2B session. Members of Nepali business community, including women entrepreneurs from FNCCI, participated in the programme. During the B2B session, the business persons from both sides got to know each other, introduced their businesses to each other, exchanged views on how to promote businesses/investments for mutual benefit, and established contacts for long-term business cooperation. They also established business-linkages for future cooperation.

The programme is believed to have greatly contributed to publicising investment opportunities in Nepal and to establish contacts among the business persons of the two countries.

Embassy of Nepal
28 February 2018