Global IME Bank Limited and Global Money Express organised an interaction programme in Seoul, South Korea, urging the South Korean investors and Nepali community there to invest in Nepal.
Speaking at the programme, Finance Minister Janardan Sharma said that foreign direct investment and remittances were of great importance to save the country’s economy at present when the foreign exchange reserves had decreased significantly.
Finance Minister Sharma requested the non-resident Nepalis in Korea to invest in Nepal and to facilitate in bringing in foreign direct investment of Korean investors into Nepal.
“Foreign currency reserves have decreased in the country now. The bank and financial sectors are facing a liquidity problem.
In this situation, you should facilitate for the foreign investment into Nepal and help to receive remittances through formal banking system opening your accounts in Nepali banks in foreign currency,” he said.
Stating that Nepal needs domestic capital as well as a large amount of foreign direct investment for rapid economic development and prosperity, he urged the Nepalis in Korea to take the initiative to introduce foreign investment and new technologies in the country.
Expressing his happiness that Global IME Bank has advanced the process of establishing a branch in Korea, Finance Minister Sharma thanked Global IME Bank for encouraging Nepali people in different countries to open foreign currency accounts in Nepali banks and for starting the process of opening its own branch in Korea.
Chandra Prasad Dhakal, Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industries and Chairman of Global IME Bank, urged the non-resident Nepalis to invest in Nepal with confidence and to open foreign currency accounts in Nepali banks.
“I would also like to request the non-resident Nepali friends here and Non-resident Nepali Association to join hands and move forward together. The country’s prosperity is possible only through your cooperation. Help to introduce technology and investment in Nepal. We are ready to protect your investment by creating an investment-friendly environment in Nepal,” he said.
“As the senior vice president of the umbrella organisation of the private sector, chairman of Nepal’s largest bank and chairman of a business group of Nepal, IME Group, I would also like to request you to confidently bring in investment in Nepal and create an environment for it.”
Stating that the IME Group has completed the construction of 27 MW Dordikhola hydroelectric project in Lamjung in collaboration with NRNs, he said that tourism, cable car, hotel, hydropower and many other projects were in the pipeline.
Source : TRN,
