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Nepal is good destination for investment: Chinese investors

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A group of Chinese investors from Yunnan Province of China said that Nepal is a good destination for investment adding that more Chinese investments are in pipeline from Yunnan Province.

At an interaction programme organised by Yunnan Province Representative Office in Kathmandu, business leaders and investors from China shared that Chinese business firms are working to set up their subsidiary companies in Nepal, which will be a major step ahead for establishing contacts and investing in Nepal.

On the occasion, Director of Yunnan Provincial Energy Investment Group Company Wu Lingcheng said that Nepal is a fine investment destination because of investment-friendly policies from government side. The policies are suitable for investors as well, Wu shared.

“There is good support from the local partners and people, which is crucial for investment. There is also good potential for investment in Nepal’s energy sector,” Wu said.

Saying that they have also talked to the Chief Minister of Karnali Province Mahendra Bahadur Shahi, he added that they aimed to invest in the tourism sector of Karnali. “We have got a very good response from the Karnali province government,” Wu shared.

He was of the view that local partners from Nepal would invest in joint ventures mostly in energy, real estate, agriculture, irrigation, water supply and some other key areas of infrastructure adding that 80 per cent of the total investment in the projects would be from China.

Likewise, Economic Manager, Yang Chan Yu, of China Eastern Airlines said that China Eastern is preparing to increase its flights to Nepal in the near future. “We have 11 flights to Kathmandu from China in a week at present. Weekly flights to Kathmandu were slashed after the earthquake in Nepal. But, we are working to increase our flights due to more Nepal-China connectivity and rise in Nepal’s tourism.”

On the occasion, he said that the China Eastern Airlines would also begin its flight to Pokhara soon after the development of regional international airport in Pokhara.

On the occasion, business representatives including Deputy Director of Kunming Engineering Corporation Niu Songtao and others from Yunnan Province of China expressed confidence that Nepal-China relations would deepen further and investment from China to Nepal would increase in the days to come.

The Government of Yunnan Province has also set up its office named Yunnan Commercial Representative Office in Kathmandu uniting almost all companies coming to Nepal for investment from Yunnan. The office is expected to exchange our ideas, experiences and resolve problems to ensure better performance in Nepali market.

Meanwhile, a new delegation of business leaders and investors is also coming to Nepal to explore areas for potential investment.

(Source- The Himalayan Times)

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