FNCCI president Dhakal urges Nepalis in foreign employment to invest in Nepal

By A Staff Reporter,Kathmandu, Apr. 20: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has said that Nepal has ample investment potential and environment, contrary to the propaganda that there is nothing happening in Nepal.

Addressing the first convention organised in Doha, the capital of Qatar, for the establishment of a multi-purpose revolving fund under the patronage of the Baglung Sewa Samaj Qatar, FNCCI president Dhakal urged for investment in Nepal as there is a lot of potential.

He said, "It is often said that there is no potential in Nepal and it is taken negatively. It is also common to compare and oppose Nepal after seeing foreign developments and technologies while living abroad. I want to tell you here. If you really work hard in Nepal like you do abroad, then there is a lot of potential in Nepal.”

Giving his own example of coming from Baglung and now leading the country's private sector umbrella organisation, he said that if you work hard, diligently, and honestly, you can succeed in Nepal.

Stating that Nepal Development Company has been established with the fund of Rs. 10 billion to provide investment opportunities to Nepalis employed abroad, Dhakal urged Nepalis employed abroad to invest through that company.

This company is going to invest in hydropower, tourism, industry and various potential sectors by collecting the capital of Nepalis living inside and outside the country, he said and urged Nepalis employed abroad in Qatar and non-resident Nepalis to participate in it.

He said, "I think there may be a problem in selecting partners among non-resident Nepali friends when investing in Nepal. I urge that this company also includes Nepali entrepreneurs and NRNA friends. It would be good if they invest here with confidence."

Meanwhile, President Dhakal expressed special gratitude for the establishment of the Revolving Fund by the Baglung residents who came to Qatar from Baglung to work under their corporate social responsibility. He also announced that he would contribute Rs. 1.5 million to that fund.