The Nepal Chamber of Commerce (NCC) has urged the government of Japan to consider industrial investment in Nepal.
In a meeting with Japanese Ambassador to Nepal Yutaka Kikuta by the Chamber's delegation today, President Rajendra Malla urged the Japanese government to create enabling environment for Japanese investment in Nepal's hydropower, road, and tourism sector.
President Malla shared, "Nepal has recently made a number of policy reforms to provide security to foreign investment. The government of Nepal has announced in its recently unveiled budget for the upcoming fiscal year that it would provide land on lease for 50 years. We are committed towards providing security to Japan's investment in Nepal."
He urged the Japanese envoy to set up industries in Nepal to manufacture products that were high in demand abroad which will reduce the trade deficit between Nepal and Japan.
Malla appealed to the Japanese Ambassador to consider setting up factories in Nepal and to trade with India and China among others.
"We would like to further advance ties between Nepal and Japan through commercial activities," he said.
It's been 66 years since Nepal and Japan entered diplomatic relations. The Japanese government has been extending its financial and technical support to Nepal through various donor agencies such as JICA and others.
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