FM asks EU to invest in infrastructure

KATHMANDU, JUNE 03:

Finance minister Shankar Koirala has asked the European Union (EU) to invest in infrastructure in Nepal.

Addressing a trade expo organised by the European Economic Chamber (EEC) - Nepal, here, he said that prominent European banks are interested in investing in hydropower in Nepal. “European countries should invest in tourism, agriculture and infrastructure,” he said, adding that the budget for the next fiscal year will help create an investment climate by creating a business friendly environment.

“The government will bring the Foreign Investment and Technology Transfer Policy and Foreign Investment and Technology Transfer Act to encourage foreign investors,” the minister added.

Representatives of chamber, on the occasion, asked government to bring a private sector friendly budget.

Source: THT