Kathmandu: A delegation from the Malaysia-Nepal Business Council met with Prime Minister KP Sharma Oli to discuss potential investment opportunities in Nepal. The meeting took place at the Prime Minister’s residence in Baluwatar, where a 20-member delegation led by Pradip Kumar Kukreja, Executive Chairperson of the Paradise Group Company of Malaysia, expressed interest in understanding the business environment in Nepal and exploring meaningful trade relations between the two nations.
According to National News Agency Nepal, PM Oli assured the visiting businesspersons that the Nepalese government has implemented legal and structural reforms to encourage and facilitate foreign investment. He highlighted that the investment climate in Nepal has improved and is currently favorable, with a commitment to further reforms to enhance it.
The delegation showed a keen interest in investing in sectors such as waste (plastic) management, IT parks, and tourism. Discussions also covered topics like tourism, agriculture, IT, workforce, and the garment industry.
The Malaysian business delegation’s visit to Nepal was organized in coordination with the Nepali Embassy in Malaysia and is scheduled to last for three days. PM Oli’s chief advisor, Bishnu Rimal, and advisor on economic affairs, Dr. Yubraj Khatiwada, were also present during the discussions.