PM Oli meets Indian counterpart Modi; calls on Indian businessmen to invest in Nepal

New Delhi / Apr 06: Prime Minister KP Sharma Oli, who is on a three-day official visit to India, met his Indian counterpart Narendra Modi on Friday.

PM Oli arrived in New Delhi this afternoon. He was received by Indian Home Minister Rajnath Singh, State Finance Minister Shiva Pratap Shukla and officials from Indian External Affairs Ministry at Indira Gandhi International Airport.

Likewise, acting Ambassador of Nepal to India Bharatraj Regmi, among others, had also reached the airport to welcome Oli.

PM Oli arrived here in Indian Capital leading a 54-member delegation—45 from Nepal and nine from India.

PM Oli calls on Indian businessmen to invest in Nepal

Meanwhile, Prime Minister Sharma Oli has called on Indian businessmen to invest in Nepal, saying that all the sectors in Nepal are open for investment.

During an interaction with Indian business community in New Delhi on Friday, Oli expressed his commitment to an open economy, allaying the doubts that the left government would retreat from its open economy.

“There is no plan to backtrack from the policy of open economy. We are committed to it,” said PM Oli.

If Indian investors can investment in different countries of the world than why not in Nepal, PM Oli questioned. He noted that Nepal is also a lucrative destination for Indian businessmen.

He underscored the need for change in social, political and cultural sectors as the political change has been institutionalised with the promulgation of new constitution.

Saying that the incumbent government is committed to make transparent and corruption-free administration, PM Oli said all sectors are open for investment.

PM Oli, who is also the Chairman of CPN-UML, said the incumbent government, backed by a three-fourths majority of the lawmakers in the Parliament, is striving to create conducive environment for investment. “Stable government means to give continuity to policy and create conducive environment for investment,” he said.

On the occasion, Indian entrepreneurs put forth their queries over necessary policy system and environment for foreign investment in Nepal.

Similarly, Nepali businessmen outlined investment sector of Nepal and said that the present time is the best and favorable for investment in terms of returns.

At the programme, Chief Executive of Investment Board of Nepal (IBN) Maha Prasad Adhikari informed the Indian entrepreneurs about reforms in policy, laws and initiatives taken by the IBN to attract the foreign investment.

Mover, PM Oli said that the incumbent government is committed to enhancing financial sector development.