Last Updated : May 24 2019 3:31AM     Screen Reader Access
News Highlights
Dr. Jitendra Singh of BJP wins from Udhampur constituency            Bhupinder Singh Hooda of INC loses from Sonipat constituency of Haryana            Mehbooba Mufti of PDP loses from Anantnag constituency            Meira Kumar of INC loses from Sasaram constituency of Bihar            Smriti Irani of BJP wins from Amethi constituency of UP           

International News

Mar 29, 2019
5:57PM

PM Oli calls upon investors to invest in Nepal

AIR Pics
Nepal's Prime Minister K.P.Sharma Oli has called upon investors across the globe to invest in Nepal.

Inaugurating "Nepal Investment Summit 2019" in Kathmandu this morning Mr. Oli said that Nepal is almost a virgin land for investments and his government has created the conducive environment for foreign direct investment.

He said Nepal's immediate goal is to graduate from Least Developed Country status and to achieve it more than 88 billion US dollar investment is required over next five years.

Mr. Oli said for improving the investment climate in the country "Foreign Investment and Technology Transfer Act" and "Public-Private Partnership and Investment Act" have been enacted recently.
Nepalese Prime Minister said hydropower could be a prime investment choice but there is a huge potential in many other areas also including agriculture, manufacturing, tourism, infrastructure, information technologies, mines and minerals. 


He said Nepal is strategically located between India and China, the world's two largest markets with increasing purchasing power and it can serve as a compelling incentive for investments.
Mr. Oli said Nepal has duty free arrangements with India for most of its products while China has granted a significant number of Nepal's tariff lines duty free access to its market. He said prospect of regional electricity market is also coming to fruition with a positive initiative recently taken by India. 

Concluding his address, Nepalese Prime Minister said speedy and comprehensive development is the only option and call of the hour and Nepal don't want any further delay in its journey towards prosperity.

Over 600 investors and delegates from 40 countries including India are participating in the two day event. 77 projects worth 31.93 billion US dollar in various sectors will be showcased and 12 Memorandum of Understandings (MoUs) will be signed during the summit. 

   Related News

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 23 (May) Midday News 23 (May) News at Nine 22 (May) Hourly 23 (May) (2000hrs)
समाचार प्रभात 23 (May) दोपहर समाचार 23 (May) समाचार संध्या 22 (May) प्रति घंटा समाचार 23 (May) (2200hrs)
Khabarnama (Mor) 23 (May) Khabrein(Day) 23 (May) Khabrein(Eve) 23 (May)
Aaj Savere 22 (May) Parikrama 22 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 22 (May) Samayki 23 (May) Sports Scan 22 (May) Spotlight/News Analysis 22 (May)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 15 (May) Vaad-Samvaad 7 (May) Money Talk 7 (May) Current Affairs 22 (Mar)