Russian chamber team meets PM

By A Staff Reporter,Kathmandu, Apr. 24: A delegation of the Chamber of Commerce and Industry of the Russian Federation paid a courtesy call on Prime Minister Pushpa Kamal Dahal 'Prachanda' on Tuesday. 

During the meeting held in Baluwatar, the official residence of the Prime Minister, the delegation discussed various aspects of Nepal-Russia relations and investment issues with Prime Minister Prachanda, according to a press statement issued by the Prime Minister’s secretariat.

On the occasion, Prime Minister Prachanda said that the government was preparing for an Investment Summit to bring in foreign investment in various sectors and urged them to invest in Nepal.

"We have prepared the Summit focusing on businessmen and foreign investors," Prime Minister Prachanda said, "We have also amended some laws to facilitate foreign investment in Nepal. The government's policy is to support all those who are interested in investing in Nepal."

The 3rd Investment Summit is scheduled for April 28-29 in Kathmandu.

Stating that Russia is continuously supporting the economic development of Nepal, Prime Minister Prachanda said that Nepal has good opportunities for investment in the fields of roads, agriculture, hydropower and information technology. 

Expressing confidence that the relationship between Nepal and Russia will be strengthened in the new situation, he emphasised the need to further expand cooperation and relations.

The meeting was attended by President of the Russian Chambers of Commerce and Industry of Sergei Katyrin, President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Dhakal and Russian Ambassador to Nepal Alexei Novikov among others.