Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has highlighted the need for increased investment in tourism infrastructure, promoting Nepal as a major tourist destination.

Speaking at the 37th Asian Trade Promotion Forum held in Bangkok on Monday, Dhakal informed foreign investors about the potential opportunities in sectors like hotels, theme parks and adventure tourism destinations. Highlighting the growing demand for resorts in Nepal, he mentioned opportunities for partnerships in this sector. Dhakal also emphasised the investment opportunities in Nepal’s information and communication technology and film industries. He informed that there has been significant growth in sectors like handicrafts, music, films and digital art, which has not only contributed to economic development but also helped preserve Nepal’s rich cultural heritage.

Discussing the opportunities in Nepal’s information and communication technology industry, Dhakal mentioned that the country’s young and energetic population has been contributing immensely to this sector. However, he pointed out the need for financial access, capacity building and market access for small and medium enterprises to fully utilise the potential of this sector.

Dhakal also highlighted the strategic advantages Nepal offers to foreign investors. He informed that Nepal has recently amended eight investment-related laws and endorsed a bilateral investment treaty framework to facilitate foreign investment.

Dhakal further discussed the growing potential of Nepal’s hydropower sector. He mentioned India’s commitment to purchase 10,000 megawatts of electricity from Nepal in the next ten years and the new opportunities emerging in Bangladesh.