The President of Nepal German Chamber of Commerce (NGCCI), Mr. Santosh Chandra Kunwar, in a B2B program held in London on July 6, said that there is a need to coordinate between British and German investors to bring in investment in Nepal’s metro rail development.
The Nepali Embassy in London and the Society of Nepalese Engineers UK organized the B2B meeting jointly in the UK to explore investment potentials in metro rail development in Kathmandu.
CEO of Investment Board Nepal, Mr. Sushil Gyewali and President Kunwar were invited as special guests from Nepal to attend the B2B. On the occasion, the Board CEO informed at the B2B meeting that there exists huge investment potential in transport infrastructure in Nepal, especially metro rail in the Kathmandu Valley. In this regard, NGCCI can coordinate the investors in the UK and Germany. He made it clear that investment is all secured in Nepal with procedural issues, simplified and effective facilitation from IBN for the benefit of foreign investors. CEO Gyewali revealed investment provisions at the B2B meeting and stressed that Nepal currently has a good investment environment and yields a better return on investment.
Er Subodh Timilsina, Chairperson of the Society of Nepalese Engineers UK, presented a master plan for metro rail development and discussed the investment models/framework and potentials for metro rail development.
Similarly, the Nepali Ambassador to the UK, Mr Chandra Ghimire, said that there was a great opportunity to invest in the metro train in Nepal. Speaking on behalf of the organizers, he was requesting British investors to invest in Nepal and get good returns as the business environment is good in Nepal.
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