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Political stability a must if Nepal wants to attract French investment: Cougard

Privacy Policy

French companies are very interested and see great possibilities in the field of urban development in Nepal, and wants to invest and work in sectors like water treatment, supply, solid waste management/treatment and urban transportation, the head of a visiting French business delegation informed Wednesday.

Jean–René Cougard, Head of Regional Economic Service at the French Embassy in New Delhi, who led the delegation comprising representatives of 12 French companies, told Nepalnews, “France is the world leader in the field of urban development and provides innovative solutions for all sorts of urban problems countries like Nepal and India faces. Similarly, French companies like Alstom T&D and Accor are also interested in investing in Nepal’s hydropower and energy secto.”

Cougard further informed the Government of France is currently discussing the possibility of providing Nepal with technical assistance and advisory services in the field of urban development to back up the possible investments of French companies in Nepal’s urban development sector .

He, however, said political stability in Nepal is one of the main elements for the French companies to take into account if they are to invest.

The French business delegation met Finance Minister Ram Sharan Mahat, Minister for Urban Development, and Energy including senior government officials, CEO of Nepal Investment Board, Economic Advisor to the Prime Minister and leaders of Nepal's business community - Federation of Nepalese Chamber of Commerce and Industries (FNCCO) - including representatives from country's private companies during their two-day Nepal visit that concluded Wednesday.

“The main objective of this visit is to explore trade and investment opportunities in Nepal,” the French Embassy in Kathmandu said.

During the visit, the delegation focused their attention on priority sectors identified by the Government of Nepal such as hydropower/energy, urban development, infrastructure, and tourism.

The delegation comprised representatives from Alstom T&D, Accor, Alstom Power India, Dassault Système India, Egis India, Lumiplan ITS India, Morpho (Safran Group), Suez Enviornment India, Sunflower India/Total, Systra, Veolia Transport and France Nepal Chamber of Commerce and Industry. These companies are involved in power transimission sector, aerial trams, ropeway construction, hotel operator, power generation and sustainable innovations.