FNCCI Senior Vice President: Domestic Investors Must Be Encouraged First to Attract Foreign Investment
Summary
FNCCI Senior Vice President Anjan Shrestha says domestic investors must be encouraged first to attract foreign investment into Nepal. He called weak infrastructure a major barrier to economic competitiveness and urged mandatory participation of Nepali construction companies in large foreign-funded projects.
Key Points
- FNCCI Senior Vice President Anjan Shrestha said foreign investment will not come unless domestic businessmen are given confidence and encouragement first.
- He described weak infrastructure, slow customs clearance, and poor logistics as major obstacles to Nepal’s economic prosperity and trade competitiveness.
- Shrestha urged that Nepali construction companies be mandatorily included in joint ventures for large foreign-funded projects.
- He welcomed the government’s effort to amend laws for an investment-friendly environment and said FNCCI will support the Nepal Infrastructure Summit.
