Nepali businesspersons based in India to invest Rs 1 billion in Nepal

Kathmandu, March 5: Nepali businesspersons in India have showed their interest to invest in Nepal in various sectors.

As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at the cost of Rs 1 billion under the Federation Everest Chamber of Commerce and Industries (FECCI).

The information was shared at a press conference organised in the Capital today by the FECCI. The FECCI representatives were in the Capital to take part in the recently-held Nepal Investment Summit.

Addressing the meet, FECCI President Yubraj Baral said Bardia has been prioritised for investment as the district gifted with natural beauty and a mixture of art and cultures has a huge potential for tourism development.
He also informed that many resorts would be constructed in various 25 places near Bardiya. The motive aims to boost development in local tourism sector by utilizing local resources and local human resources, he said, adding that the size of the investment would be increased to Rs 5 billion within next five years.

FECCI General Secretary Mohan Karki rued the political instability, extortion spree and frequent protests in Nepal which he said would put investment at risk. "The government should create an environment conducive for investors as there are many Nepalis in India wishing to invest in Nepal. There are ample heritages in the country and Nepal's economy could be improved once they are properly utilised. We could bring in 1,000,000 Indian tourists every year," he said.