Finance Minister Arzu Rana has encouraged foreign investors to explore and invest in the opportunities available in Sudurpaschim Province.

 KATHMANDU, AUGUST 29 – Foreign Minister Dr. Arzu Rana Deuba has urged investors to explore opportunities in Nepal’s Sudurpaschim Province, highlighting its rich natural resources and cultural heritage. She made the remarks at a meeting held on Friday at the Ministry, ahead of the Sudurpaschim Investment and Development Conference, scheduled for November 17–18 in Dhangadhi.

Dr. Rana described Sudurpaschim as a region of stunning natural beauty and a key gateway to Nepal’s prosperity. She said the province has great potential in areas like hydropower and renewable energy, agriculture, tourism, cross-border trade, urban infrastructure, IT and digital services, mining, and industries based on natural resources. “I encourage both domestic and foreign investors to explore the opportunities here,” she said.

Although the province is rich in water, fertile land, forests, biodiversity, and cultural heritage, Dr. Rana noted that it has remained underdeveloped due to underutilization of these assets. She welcomed the upcoming investment conference as a chance to showcase Sudurpaschim’s potential and attract foreign investment.

She also recalled past development projects, such as road networks connecting the province to Kathmandu, which were carried out under former Prime Minister Sher Bahadur Deuba’s leadership. On a broader level, she noted that the government has amended key laws to create a more investment-friendly environment in Nepal.

Highlighting the importance of federalism, Dr. Rana stressed that provinces like Sudurpaschim should actively harness their own resources and develop localized growth models, rather than relying solely on the federal government.

Comments

Post a Comment

Popular posts from this blog

First National Bamboo Conference Happening Now

KHOTANG, February 28 – The First National Bamboo Conference is currently being held in Diktel Bazaar, running from February 27 to March 1. The event was officially opened at the Khotang Multi-Purpose Covered Hall, and an exhibition showcasing various bamboo products is taking place nearby at the Matikore playground. The event is organized mainly by Diktel Rupakot Majhuwagadhi Municipality. Even the welcome gate and stage at the venue are built using bamboo. The exhibition features 51 stalls displaying items made from bamboo, along with local agricultural products. Mayor Tirtha Raj Bhattarai shared that traditional Nepali bamboo swings—lingle ping and rote ping—have been set up for entertainment. Over 300 guests from outside the district are attending the conference. During the event, bamboo experts will present 23 papers under the theme: “Where there is bamboo, there is life; where there is life, there is bamboo.” Other co-organizers include the Forest Research and Training Centre (Bab...
Read more

Gold prices keep going up

  Kathmandu, June 18 — Gold prices have been rising in the international market since June 10, and this has also pushed up prices in Nepal. When the market opened today, the price of gold had gone up by Rs 900 per tola (11.66 grams) compared to Tuesday, while silver rose by Rs 65 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold is now being traded at Rs 195,500 per tola, and silver at Rs 2,225 per tola. International reports show that gold is currently priced at 3,393 US dollars per ounce in the global market.
Read more

Johannes Zutt Named New World Bank Vice President for South Asia

  June 30, Kathmandu – The World Bank has named Johannes Zutt as its new Vice President for the South Asia Region, replacing Martin Raiser. He will officially take on the role starting July 1, 2025. In this position, Zutt will oversee the World Bank’s work in Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka. He will manage a portfolio of projects, financial support, and technical assistance worth $39 billion. Under his leadership, the World Bank aims to continue its focus on key challenges in the region, such as job creation, climate resilience, disaster preparedness, improving human capital, and encouraging private investment. Originally from the Netherlands, Zutt joined the World Bank in 1999 and has held various senior roles over the years. Most recently, he served as the Country Director for Brazil. He has also held leadership positions overseeing the Bank’s operations in Bangladesh, Bhutan, Nepal, Türkiye, and several African countries. “I’m impressed by the ...
Read more