Nepal’s Prime Minister K P Sharma Oli has invited both foreign and local investors to put their money into Nepal. Speaking at the 74th annual general meeting of the Nepal Chamber of Commerce, he said Nepal now enjoys political stability and is ready for economic development. Oli assured that the government is focused on promoting good governance, ending corruption, and creating a safe investment environment.
Nepal Ready for Investment, Says PM Oli
Prime Minister Oli said Nepal’s political climate is now stable, which makes it the right time for investment. He told investors not to worry about putting their money in Nepal, as the country is moving toward long-term growth.“There is no need for national or foreign investors to worry while making investment decisions in Nepal,” Oli said. “The country has attained political stability.”
He encouraged entrepreneurs to take part in healthy competition and use science and technology in a positive way.
Push for Foreign Investment and Joint Ventures
PM Oli said foreign direct investment (FDI) and joint ventures are key to building Nepal’s economy. He promised the government would support these efforts.“We need to encourage foreign investment and joint ventures to attain economic development,” Oli added.
He also said the private sector plays an important role in national development. The government, he said, is working to promote private businesses and make the economy stronger.
Technology Use Should Be Responsible
While speaking about the use of modern tools, the Prime Minister said information technology should not be used to harm others. He asked business leaders to use tech in ways that help, not hurt, society.“Modern information technology should not be misused to abuse, disillusion, or dishonor others,” he warned.
Government Working to Curb Corruption
Prime Minister Oli also addressed the issue of corruption. He said the government is taking steps to end it. However, he admitted that some level of corruption might still exist without their knowledge.“The government is working to maintain good governance and end corruption,” he stated.
He assured investors that these issues are being taken seriously, and reforms are in place to deal with them.
Political Stability Until 2028
The Prime Minister said the current coalition government—formed by the Nepali Congress and CPN-UML—will continue until the next general election in 2028.“This coalition government will run till the next general election in 2028,” he said. “So I call upon all concerned to invest in the country for its prosperity, without worrying.”
This political certainty, he said, gives investors a stable environment to plan for the long term.
Nepal’s Investment Climate: A Closer Look
According to the Department of Industry, Nepal approved 225 foreign investment projects worth NPR 35 billion (approx. USD 260 million) in the last fiscal year. Major sectors include hydropower, tourism, and manufacturing.
The World Bank has also noted Nepal’s improvements in doing business, especially in registering new companies and getting electricity connections. However, challenges remain in enforcing contracts and getting credit.
A Message to the Private Sector
Oli emphasized that the government will continue to support the private sector as a key player in Nepal’s economy.“The government will do the needful for the promotion of the private sector and the development of the country,” he said.
