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Nepal PM lures Indian investment, assures security

Category :India Sub Category :National,Business
2009-08-19 00:00:00
   Views : 261

Nepal PM lures Indian investment, assures security

New Delhi, Aug 19 - Promising to push the peace process in Nepal, Prime Minister Madhav Kumar Nepal Wednesday unveiled a slew of initiatives, including an industrial security plan, to attract Indian investment to his country.

Making a strong pitch for a revised trade treaty between Nepal and India, Nepal's prime minister stressed that attracting foreign investment topped priority of his government and assuaged anxieties of Indian investors wishing to invest in his country.

'We are promoting an investment-friendly environment and a liberal trade policy,' Nepal, who began five-day visit to India Tuesday, told a gathering of top Indian and Nepali businessmen here.

'All sectors are open to FDI. The procedures for foreign investment have been simplified,' he said while describing India as Nepal's 'major development and economic partner'.

Responding to Indian businessmen's concerns about labour unrest, the culture of strikes and the continuing political instability, Nepal said his government has come out with 'a comprehensive security plan to address these concerns.'

In a message aimed at the Maoists back home, known for their hostile attitude to business, Nepal warned against 'mixing politics with economics' and said his government was evolving a political consensus on the plan.




Author :Indo Asian News Service



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