‘End violence to encourage foreign investment’

The Japanese vice-minister for Foreign Affairs Osamu Uno said a violenceless society and unity among the political parties are the pre-requisits for encouraging foreign investment in Nepal.

Uno was speaking at a function organised by the Federation of Nepalese Chambars of Commerce and Industry (FNCCI) Thursday in honor of the Japanese deligation led by him. He assured the Nepali business communities of initiation from himself to boost Japanese investment in Nepal. He suggested that the security situation in the courtry be improved to lure foreign investers.

He also expressed confidience that political stability and socio-economic development would prevail in the country once a new governemnt was formed. He also stated that the Japanese assistance for the Kathmandu-Bhaktapur Road Improvement Project was an example of Japan's interest to continue support to Nepal in the days to come. He expressed hope that the number of Japanese tourists visiting Nepal would reach 50,000 next year, up from 42,000 recorded during last year.

Kush Kumar Joshi, president of FNCCI stress on the need to diversify Nepali exportable goods to Japan as per the changing needs of the Japanese people, on the back of a meager share of Japan in Nepal's foreign trade.
Source: eKantipur