President Paudel’s Address In Japan: Businesspersons Requested To Invest In Nepal

Kathmandu, Feb 2: President Ramchandra Paudel has requested the Japanese businesspersons and industrialists to invest in Nepal's hydropower, tourism, service, information technology, mines and agriculture.

In his address to a special ceremony organized in Tokyo, Japan on the occasion of 70th anniversary of the establishment of Nepal-India diplomatic ties today, President Paudel shared that Nepal is focused on intensifying its socioeconomic developments to achieve prosperity.

"Nepal has made reforms in law, procedure and institutions to ease and attract foreign investments," President Paudel said, adding that Nepal has tremendous investment potentials.

President Paudel expressed the belief that this programme would take the Nepal-Japan relations to new level and pave ways for deep and fruitful bilateral collaboration in coming years.

"Our bilateral relations have not only incorporated political, economic, social and cultural fronts but also people-to-people contacts and this has further bolstered through frequent exchanges of high-level visits and increased cooperation", he mentioned.

The Head of the State viewed, "Specially, there is similarity in culture, religion, norms, values and lifestyle based on Buddhist education between Nepal and Japan. Lumbini, the birthplace of Gautam Buddha, plays a role of strong bridge to foster harmonious relations between the people of Nepal and Japan. We are thankful towards Japan's continuous support in Lumbini's development."

Japan has been the major partner for development with its assistance in trade, investment, tourism as well as other sectors in Nepal, he underlined. President Paudel shared that Nepal would be upgraded from the least developed country by the end of this year and its graduation to a status of middle-income country by 2030 would be another important achievement.

"Nepal has focused its attention on attracting maximum foreign investment in the areas of national priority, increasing Nepal's trade, diversifying connectivity, promoting tourism and acquiring advanced technology," he argued.

He expressed his happiness over Japan’s preference to Nepal as a touristic destination. A significant number of Japanese tourists visit Nepal, drawn by its adventurous tourism opportunities and rich natural and cultural diversity. Nepal, he argued, is keen to expand cooperation between the two nations in the tourism sector.

President Paudel also stated that Japan has long been a preferred destination for Nepali youths and students, and acknowledged the Government of Japan for ensuring the safety and security to the Nepali citizens there.