November 1: With the promulgation of the new constitution, the country has many sectors for investment, and has a huge potential to achieve a rapid economic growth, according to the president of the Confederation of Nepalese Industries (CNI) Hari Bhakta Sharma.

Speaking at an interaction program in Qatar on Wednesday, October 31, Sharma also urged the business community of Qatar to invest in Nepal.

“The investors can invest for the structural development of Tribhuvan International Airport and Nijgadh International Airport – a proposed airport to be constructed in Nijgadh,” he said, urging the Qatari business community to invest in Hetauda-Kathmandu Tunnel Highway, East-West Electric Railway and Pokhara-Kathmandu Railway.

He further added that the country has a huge potential to generate and export electricity to the neighboring countries.  “Nepal needs to increase production, develop infrastructure and focus on export to reduce trade deficit,” he said.

Sharma is in Qatar as a delegate in the official entourage of President Bidya Devi Bhandari. Bhandari, who in Qatar upon the invitation of Qatari Emir Sheikh Tamim bin Hamad Al Thani, will return Nepal on Thursday, November 1, after completing her four-day visit.      

Sharma further added that a huge number of Nepali youths are in Qatar for employment, so this visit will also transfer a positive message towards the migrant workers.  

The interaction session was also attended by President Bidya Devi Bhandari, officials from the Embassy of Nepal in Qatar, among other delegates.