President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged the OPEC Fund to increase investment in Nepal, stating that Nepal offers abundant investment potential. During a meeting with the President of the OPEC Fund Abdulhamid Alkhalifa and Vice President Tareq Alnassar in Vienna, Austria, on Tuesday, President Dhakal urged the OPEC Fund for International Development (the OPEC Fund) to expand its investments in the country. "Nepal could become a new and significant investment destination for the OPEC Fund," he asserted.
Nepal situating in between two rising economic powers - China and India - is capable of reaping benefits from their markets, the tourism industry, and the development of both countries due to its strategic location, he said as reported by the FNCCI. Stating that the investment-friendly environment in Nepal is becoming increasingly conducive, the FNCCI President highlighted significant investment opportunities in Nepal in tourism, energy, infrastructure, agriculture, and information technology sectors including others. Referring to the long-term power trade agreement between the Government of Nepal and the Government of India, Dhakal said.
"It opens up opportunities for investment in hydropower and renewable energy by making Nepal's vast energy potential accessible to the market." Similarly, he appraised the OPEC Fund high-level delegation that the power trade agreement with another neighboring country, B.
