KATHMANDU: Recently, the Office of the Investment Board Nepal (OIBN) participated in various investment promotional events in Australia. A team from OIBN led by Mr. Maha Prasad Adhikari attended the ‘Nepal-Australia Business Forum 2018’ and the annual ‘Nepal Business and Tourism Promotion Night 2018’ in Melbourne on June 30.
The Nepalese Embassy in Australia organized the forum in association with the Office of the Consulate General of Nepal in Victoria. Honorable Minister for Finance and Multicultural Affairs of Victoria Robin Scott, Ambassador of Nepal to Australia Her Excellency Lucky Sherpa, and Honorary Consul General of Nepal to Victoria Mr. Chandra Yonzon inaugurated the event.
Speaking on the occasion, OIBN’s CEO Mr. Adhikari said Nepal was open and ready to welcome foreign investment as stating that an investment friendly environment was building up. Mr. Adhikari highlighted the significance of foreign investment to Nepal, which needs billions of dollars of investment to achieve economic prosperity. Mr. Adhikari also shed light on various initiatives being taken by the Nepal Government to improve the investment climate in the county.
Mr. Ratish Basnyat, an OIBN consultant, gave a presentation on the investment climate, opportunities for investment, and process to invest in Nepal. Participants at the forum expressed their interest in exploring business opportunities in Nepal. More than 100 Nepali and Australian entrepreneurs including dignitaries Ms. Fiona McKergow, Director, Department of Foreign Affairs and Trade of Australia, Mr. Shesh Ghale, Former President, Non-Resident Nepali Association - International Coordination Council (NRNA ICC), and Mr. Bhaban Bhatta, President, NRNA ICC were present at the event. The forum was followed by the Nepal Business and Tourism Promotion Night 2018, which featured Nepalese artworks, speeches, presentations and cultural performances.
The IBN team also met with the Honorary Consul General of Nepal to Sydney Mr. Deepak Kumar Khadka. During the meeting, Mr. Khadka, who is a renowned businessman in Australia, expressed his interest in investing in the education sector in Nepal. During the visit, the IBN delegation also held meetings with the Nepali business community in Sydney and the Deputy Chief of Mission as well as other officials from the Embassy of Nepal in Canberra. ♦