Approaching the first Nepal German Business Forum in Kathmandu on Wednesday, he said that many laws supporting business and investment were either underway or being revised as per the need.
He said they are forming the procedure and will come up with the best mechanism to execute these laws in a full-fledged manner. The government of Nepal is now steady, so is the institutional mechanism. The German ambassador Roland Schafer Speaking on the occasion said that the government of Nepal is now steady, so is the institutional mechanism. They are striving to reduce the cost of doing business in Nepal.
He said they are planning the system that will come up with the best mechanism to execute these laws in a full-fledged way, asked all those who are already in South Asia or trying to do business in this region to consider Nepal as a good destination for investment.
“Nepal is changing, it has become stable and reliable,” Schafer said.
The forum was established by the Embassy of the Federal Republic of Germany, Kathmandu, in association with the NGCCI and IBN.
A total 90 participants involving of 28 representatives from 20 German companies and organizations along with their Nepali counterparts from energy, finance, hospitality, food and beverage, infrastructure development, IT/communication, logistics, manufacturing, and tourism and technical and vocational training (TVET) sectors were present in the event.
Approaching the event, Maha Prasad Adhikari, CEO of the IBN, urged German investors to invest in mega projects to further strengthen the bonds between the two countries.
Secretary Aryal, inviting for investments in Nepal, said that the country had a one-stop service center for investors and businesspersons to establish their business in Nepal.
The business forum intended to bring potential business partners of the two countries together. It was established to encourage Nepal as a place for business and foster job creation as well as investment.
The event was assumed to provide bilateral economic relations and familiarize potential German investors about the improving business climate in Nepal.