"Nepal is unused land: almost all investment profitable in every field."Nepal's prime minister, ollie 29 Nepal investment summit in 2019 at an opening, to convey to the world "is a good investment destination in Nepal" this image.
The prime minister to "sell" Nepal
Ollie opened his speech by saying: "welcome to this country of investment opportunities.And your investment will raise the living standards of nearly 30 million nepalis."
In his speech, the word "optimism" was used five times to boost investor confidence in Nepal.Oli also listed Nepal's major strengths: political stability;The geographical location is superior, can take the train of the high-speed development of China, India;The domestic market is booming;There are more and more skilled workers.
Ollie reiterated that Nepal's target for generation in the next three years is 3 gigawatts;In 2020, it will receive 2 million foreign tourists.So investors can focus on these sectors.
Based on this, the government launched 75 projects for investors to choose from at the summit, with a total value of about $32 billion.
Oli said Nepal's short-term goal is to break away from the ranks of the least developed countries and its medium-term goal is to become a middle-income country.None of these goals can be achieved without foreign investment.
The largest number of Chinese enterprises attended
According to statistics, there were about 600 delegations from 40 countries, among which 265 were from China.Next is India, with 120.
Yang wanhua, vice President of yunnan energy investment group co., LTD., who attended the meeting, said, "Nepal is rich in energy, but it lacks effective development.We are working with relevant companies to explore opportunities for energy development in Nepal."
Yang wanhua says there are many similarities between yunnan and Nepal.Yunnan enterprises participating in this conference cover energy, infrastructure, education and other industries, because there are many areas for cooperation between the two sides under the framework of "One Belt And One Road".
Zhou shaowu, general manager of China three gorges Shanghai survey and design research institute co., LTD., told reporters that the company will sign a memorandum of understanding with relevant parties on the afternoon of June 30 to invest us $350 million in a hydropower station with an installed capacity of 180 megawatts in Nepal."It will also be the largest private investment project undertaken in Nepal in the near future."He said China is willing to work with other Chinese companies to introduce "Chinese technology, Chinese standards and Chinese solutions" to Nepal.
Analysts said the summit may help further align Nepal's vision of "prosperity and happiness for Nepal" with the "One Belt And One Road" initiative.
Opportunities coexist with risks
Ollie pointed out in his speech that investing in Nepal is risk-free.In this regard, some experts pointed out that investment is accompanied by risks, so investors should do more research to keep a clear understanding of the various risks in the investment process.
Shrestha, vice President of the federation of Chambers of commerce and industry, said it would be difficult to attract more foreign investors without reducing unnecessary regulations.
A Chinese entrepreneur attending the meeting said that Nepal's foreign exchange policy, visa policy and tax policy also affect the development of enterprises in Nepal to varying degrees, suggesting that nepalese officials optimize various specific policies.
So in his speech, Mr Oli sought to reassure investors by highlighting the government's zero tolerance for corruption, legislation to protect foreign investors and tax incentives.Mr. Yang said he believed the government of Nepal would formulate policies scientifically to create a favorable investment environment.
"Nepal is ready!Please seize the opportunity, because your investments will be well protected."Ollie said finally.
