Nepal urges India Inc to invest more
The Hindu Business Line , Apr 19, 2017
Nepal President Bidya Devi Bhandari today asked captains of Indian industry to take full advantage of the improved investment climate and simplified tax regime of Nepal, especially in sectors like hydropower, clean technologies and agro-processing.
Addressing representatives of India Inc, she said Nepal is in the process of ratifying a Bilateral Investment Promotion and Protection Agreement which will provide more comfort to investors, asserting that incentives offered by Nepal are no less attractive than in many other countries.
“Our is a virgin land for investments. Location of Nepal in the middle of two thriving economies of the world (India and China) offers a great advantage to potential investors,” Bhandari said at the conference organised by CII, FICCI and Assocham.