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Politics should fill enthusiasm among investors: President

2024 Apr 25, 17:25,

President Ramchandra Paudel has said that for the prosperity of the country, politics should be able to fill enthusiasm among investors.

He mentioned that Nepal, which is rich in natural resources, has great potential to achieve prosperity through rapid energy development.

Inaugurating the Himalayan Hydro Expo 2024 held in Kathmandu on Thursday with the slogan 'Green Energy for the Prosperity of Nepal', President Paudel made it clear that this is possible with the facilitation and coordination of the Government of Nepal and the investment of the private sector.

"Politics should be able to fill investors with enthusiasm, for this the Nepalese government should facilitate the laws, regulations, and policies, while the private sector should consider the interests and prosperity of the country as the highest priority and increase investment," he said.

President Paudel clarified that with federalism, Nepal is moving towards political stability with the high practice of democracy and this is creating a situation that will increase domestic and foreign investment attraction.

"For the economic prosperity of Nepal, the government of Nepal has been giving special priority to the energy sector as the main basis. As a result, the increasing energy production in Nepal, which once experienced a major energy crisis, has strengthened the nation's energy security. Nepal has transformed from an energy importing nation into an exporting nation. It is happening", President Paudel said.

Stating that he thinks that it is playing a positive role in the economic sector of Nepal through electricity trade by ending the dependency situation in the past, he expressed the opinion that it is a matter of satisfaction that Nepal can contribute to the increase in the use of renewable energy through the export of clean and green energy to the regional markets of neighboring countries.

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