Finance Minister Shanker Prasad Koirala has urged the Non-Resident Nepalis to invest in the sectors of comparative advantage for the economic development of the motherland.
At a discussion programme among the newly-elected office-bearers of the Non-Resident Nepalis Association (NRNA) and top-level officials of the Ministries of Finance, Industry and Commerce and Supplies in the capital on Thursday, Koirala urged the NRNs to invest in Nepal as an investment-friendly environment was gradually improving in the country.
"I request the NRNs to bring in investment in special economic zone, tourism, agriculture and other government prioritized sectors."
The government would play the role of facilitator to ensure return of the investments, he added.
Saying that the government was expecting support from the NRNs to give momentum to the country's economic development, Koirala added that NRNs are permanent friend of Nepal's economic prosperity.
Likewise, chief economic advisor of the Finance Ministry Dr Chiranjibi Nepal said that taking support from NRNs would be profitable for Nepal's social, economic and cultural development instead of seeking help from the donor agencies.
Similarly, Governor of the Nepal Rastra Bank Dr Yubraj Khatiwada urged the NRNs to purchase bond issued by the multilateral agencies like that of the World Bank in the local currencies.
Also speaking at the programme, Chairman of the NRNA Shesh Ghale said that investment-friendly environment was not created yet and the tax system was also impractical and administrative hassles were rampant while urging the government to first amend the existing policy and rules that have obstructed the NRNs' investments.