Govt urges foreign countries to invest in big infrastructures

09/11/2019

Kathmandu, Sept. 11: Nepal has urged the foreign countries to invest in mega infrastructures in view of the country making headway to prosperity with the political stability. Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai, has reminded that Nepal is best place for the domestic and foreign investments. "Nepal is prepared to welcome the investment and propel development," he added. The Minister was speaking at the session titled 'Infrastructures and Regional Connectivity' as part of Nepal Infrastructure Summit 2019 organized by the Ministry of Physical Infrastructures and Transport Management, and Confederation of Nepalese Industries in the federal capital on Wednesday. "There is not any problem for the investors in Nepal. Nijgadh international airport in Bara will be accomplished in five years at any cost," he assured, making it clear that government was effortful to make the Nepal's aviation sector more reliable. According to him, Nepal has got more than 60 percent in the safety audit carried by the International Civil Aviation Organization (ICAO). "We're now moving ahead for water transport. We're in the position to make huge progress in railway service too," he viewed. Opening of more border points, construction of four-lane East West highway are other important tasks in the list. On the occasion, former Vice Chairman of the National Planning Commission, Dr Swarnim Wagle, underscored the need for the country to increase investment on physical infrastructures, interconnectivity, information technology, long-term plan. "Government should boost investment to bridge the growing gap between Nepal's urban and rural developments," he suggested. He also stressed the importance of digital economy. Similarly, former director general of the Asian Development Bank (ADB), Noritada Morita, viewed, "Present need in the south and east Asia is physical infrastructures and elevation of people's income." Foreign Secretary Shankar Das Bairagi shared that Nepal has expanded its trade relations with the neighbours. Secretary at the Ministry of Energy, Water Resource and Irrigation, Dinesh Kumar Ghimire, said Nepal has already prepared long-term plan on energy sector and was planning to export at least 5,000 MW electricity to the neighbours soon. Indian planning expert Rajiv Malhotra said trade promotion along with sustainable plans was imperative in the region. RSS

Related News

Isolate Pakistan, Sushma tells U.N.

UNITED NATIONS, Sept. 26 : India took its campaign to diplomatically isolate Pakistan to the United Nations on Monday, with External Affairs Minister Sushma Swaraj asking the world community to hold countries that “nurture, peddle and export” terrorism to account. A unified global strategy can defeat terrorism, “and if any nation…

With LoC turning porous, a strike when the iron was hot

NEW DELHI, Sept. 30 : The Union government had kept the Army strike across the Line of Control under the wraps, but had put the forces guarding the border on maximum alert two days ago, said a senior Home Ministry official. The official said the Pakistani Army had violated the…

We are frustrated with Pak., says Hasina

NEW DELHI, Oct. 14: Bangladesh feels “frustrated” with Pakistan over its export of terror, butDhaka’s reasons for pulling out of the SAARC summit in Islamabad were “different from India’s,” says Prime Minister Sheikh Hasina, attempting to draw a distinction between supporting India on terrorism after the Uri attacks and supporting the subsequent…

Modi takes on Pakistan at BRICS, terms it 'mother ship of terror'

BENAULIM, GOA, Oct. 16: Taking on Pakistan at the BRICS summit, India on Sunday said terrorism is a “direct threat” to economic prosperity and growth. Speaking at the BRICS leaders' meeting, Prime Minister Narendra Modi sought action against terrorism and called for an early adoption of CCIT (Comprehensive Convention on International…

BRICS meet declaration pledges to fight terror

BENAULIM (GOA), Oct. 17: The 8th BRICS summit ended here on Sunday with the adoption of the Goa Declaration which pledged opposition to terrorism, even as India failed to get a consensus on references to “cross-border terror” and Pakistan-based terror groups in the final statement. However, in a strongly worded statement,…

President Mukherjee's visit will create new basis in Nepal-India ties: Minister Mahat http://bit.ly/2evTEVm

KATHMANDU, Nov. 1:- Minister for Foreign Affairs Dr Prakash Sharan Mahat has expressed the belief that the three-day state visit of Indian President Pranab Mukherjee to Nepal beginning tomorrow will create a new basis in the relations between Nepal and India.  The Indian President is visiting Nepal at the invitation…

Video

Find Us on Facebook

From Social

Tokyo (Japan), Sept. 13: A new leadership assumed responsibilities at the Non Resident Nepalese Association (NRNA), Japan on Sunday. The new office bearers took oath of office and secrecy after a long fought battle resulting from dissatisfaction from those who…

Lama led officials assume responsibility in NRNA Japan