First German-Nepal Business Forum kicks off in Kathmandu

Kathmandu, Oct. 2: The first-ever German-Nepal Business Forum has kicked off in Kathmandu with the aim of increasing and promoting German investment in Nepal.

The two-day event jointly organised by the Investment Board, the Embassy of the Federal Republic of Germany in Kathmandu and the Nepal German Chamber of Commerce and Industry ( NGCCI) with the theme of ‘ building bridges for business relations’ is being attended by a 15-member business delegation led by Deputy Mayor of City of Cologne, Germany; Hans-Werner.

Speaking at the inaugural session of the conference, German Ambassador to Nepal Roland Schafer said, “a new Nepal-with a stable government and a population eager to hone its skills- is now of interest for private enterprise from Europe and especially from Germany.

Stating that there is abundant potentiality of investment and business in Nepal in the aftermath of political stability and the country finding a way towards economic prosperity, he said, partnership can be increased in infrastructure development, cultural exchange and tourism sector.

Secretary at the Ministry of Industry, Commerce and Supply, Baikuntha Aryal said the government has guaranteed amendment to existing laws and policies, enactment of new laws and other institutional arrangements to attract and promote foreign investment.

Investment Board Chief Executive Officer Maha Prasad Adhikari insisted on increasing the foreign investment to realise the national aspiration for a prosperous Nepal and  Happy Nepali.

On the occasion, Deputy Mayor of City of Cologne, Germany; Hans-Werner, said Nepal featured great potential for the enhancement of German investment, promising to move ahead by  cooperating with the local government in Kathmandu. (RSS)