KATHMANDU: Minister for Industry, Commerce and Supplies Damodar Bhandari has said that the government was committed to ensuring security of foreign investment.
Addressing a programme organized by Embassy of Nepal in South Korea and Korea-Nepal International Exchange Association in South Korea on Monday, Minister Bhandari urged the South Korea investors to invest in Nepal with confidence,
On the occasion, Minister Bhandari praised the contributions made by the Korean investors for Nepal's hydropower sector through the development of Upper Trishuli Hydropower Project.
Saying that Nepal was willing to welcome South Korea capital and technology, Minister Bhandari urged the investors there to invest in Nepal for the development of industry, trade and tourism sectors, Minister Bhandari's chief personal secretary Ananda Bhatta said.
The rate of returns in Nepal was high thanks to availability of youth workforce, raw materials and diverse geography, he added.
Nepal is also a lucrative destination for investment due to huge markets in the neighbouring countries of India, China, Bangladesh and others, according to Minister Bhandari.
Furthermore, he pledged that the government would facilitate everything possible for the South Korea investors for their business promotion and employment generation by investing in Nepal.
1672397318_680.jpg)
