FNCCI to identify potential projects

KATHMANDU, Nov 25: At a time when political situation in the country is worsening, entrepreneurs have taken initiative to bring fresh investment in areas such as infrastructure, agriculture and hydropower, among others.



According to a press release issued on Sunday, businessmen gathered in Lalitpur to make preparation for Chitwan Fair-2069 reached to such a conclusion. "The 10-day fair will focus on identifying the prospective projects based in the central development region," reads the release. [break]



Suraj Vaidya, president of Federation of Nepalese Chambers of Commerce and Industry, said they will be organizing similar fairs in all development regions of the country to mark the Investment Year 2012/13."



The entrepreneurs also held discussions on the prospects and constraints of making new investment. "There are problems such as power shortage and political instability, but we must work to improve the situation,” Ajar Man Joshi, president of Lalitpur Chamber of Commerce and Industry (LCCI), said in the meeting.



The government has announced to celebrate fiscal year 2012/13 as Investment Year in a bid to lure foreign investors in the country.

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