The Embassy of Nepal in collaboration with the Korea Chamber of Commerce and Industries organized a one-day seminar on "Investment Environment in Nepal" at the Chamber's building in Seoul today. Presenting the paper, Mr. Raja Ram Bartaula, Charge d' Affaires a.i. of the Embassy highlighted the Foreign Investment Policy as well as the provisions of Foreign Investment and Technology Transfer Act 1992 of the Government of Nepal in regard to foreign direct investment. During the presentation, Mr. Bartaula also briefed about the incentives and facilities provided by the Government to the foreign investors. Requesting for the Korean investment in Hydropower, infrastructure, Agriculture, IT and Tourism sectors, Mr. Bartaula assured the potential Korean investors for the safety of the capital and its return. He also said that the Government of Nepal has designated 2012 as the Investment Year and the investors would be able to get additional benefits and incentives for their investment in this year. Describing hydropower sector as lucrative, he also requested to explore the untapped potential in hydropower generation as the country is facing power shortages. Mr. Jung Pyung Soo, Senior Manager of Hydro and Nuclear Power Company Ltd. Which is involved in Chameliya Hydropower Project in Nepal, presented his views on hydropower development in Nepal and its immense potential for future investment. During the seminar, the participants were informed about the Nepal International Trade Fair 2012 to be held in Kathmandu from April 5 to 9, 2012. Speaking on the occasion, Mr. Jay Kim, Chairman of Korean Chamber of Commerce in Nepal asked the potential Korean investors to positively think about the investment in Nepal especially in the infrastructures development and tourism industries.
Mr. Kim Jong Sang, Director of Korean Chamber of Commerce and Industries conducted the programme. Giving his opening remarks, he said Nepal has many to offer despite the highest mountain Mt. Everest and Lumbini, the birthplace of Lord Buddha. He further said that the presence of eminent personalities representing their companies has encouraged the KCCI and the Embassy.
The Seminar was attended by Chairman, CEOs and representatives of the reputable companies of Korea. Some of the Companies expressed their interest in the Nepali market and willing to get further information in particular projects. A sizable Nepali Diaspora was also present in the programme.
Embassy of Nepal
January 31, 2012
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