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Indian industrialist seek good investment climate

KATHMANDU:  The members of a CEOs mission from the Confederation of Indian Industry (CII) have expressed their willingness to invest in Nepal provided that investment-friendly climate is created.

They have also expressed the hope that peace and stability would be established in Nepal in the near future.

Speaking at a news conference here today at the end of the mission’s three-day visit, mission leader and CII president, B Muthuraman said the Indian investors are interested in investing in the hydropower sector if there is political stability and industrial peace in Nepal.

Muthuraman, who is also the president of the Joint Economic Council of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and CII, said the Indian businessmen are also willing to invest in mining industry, tourism, health and agriculture sectors.

He expressed the confidence that Nepal would march ahead towards economic prosperity after concluding all tasks related to peace and constitution-writing. He added that he was encouraged after holding talks with the President, the Prime Minister and the Industry Minister.

The CII president also said that he would take the message of the government here declaring the Nepal Investment Year and constituting the Investment Board following the creation of investment climate in the country to the Indian business fraternity. He added that he would also call upon them to mobilize their capital in Nepal.

Co-president of the Council and CA member Padma Jyoti expressed the confidence that the transition would come to an end soon and Nepal wouldmove forward on the road to economic prosperity. RSS

Published Date: Friday, April 6th, 2012 | 07:52 PM

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