NTB at Tourism, Trade & Investment Program in SingaporeFriday, May 5th, 2017

SINGAPORE, May 4, 2017 - Nepal Tourism Board participated at a special Nepal promotion event organized by Embassy of Nepal, Thailand and Nepal’s Honorary Consulate in Singapore and supported by Non Resident Nepalis in Singapore with an aim to focus on tourism, trade, and investment as topics for discussions and deliberations on May 4, 2017, in Singapore.

At the program, Hon’ble Foreign Minister Dr. Prakash Sharan Mahat highlighting on overall areas open for FDI said that, “Every sector is open for Foreign Direct Investment including tourism, infrastructure, hydropower, agriculture, IT, health and education and further added, “Nepal wants investment and not just assistance”.
“Nepal is an up-tapped market as far as FDI is concerned and the huge market of India and China and the preferential treatment given to Nepal is an alluring factor for investment,” emphasized HE Ambassador of Nepal to Thailand, Mr. Khaga Nath Adhikari .

Speaking on the occasion , NTB Manager Bimal Kadel stressed that, “ Mt. Everest and Lumbini are the prime products of Nepal while emphasizing on the pagodas and stupas of Kathmandu valley and the teeming wildlife of the low lands.”

While Dr. Pradumna Bickram Rana spoke on road connectivity and the ancient Silk Road connecting Tibet in China with Nepal and Central Asia, Dr. Omkar Shrestha highlighted on the new dimension of investment prospects in Nepal and the urgency to tap the unexploited resources. Both of them are professors in different universities of Singapore.

In the 3 hour program diverse areas of investment were highlighted, however, the following areas were covered as potential areas for tourism investment: hotels and resorts, restaurant, cable car, railways, highways, recreational parks, theme parks, helicopter, airlines MICE centers, cable cars, hotels and restaurants, highways, railways, airports, airlines and helicopter services, flying schools, aerial sports like ultra light, paragliding, hot air ballooning, maintenance of aircrafts, recreational and theme parks, innovative products suiting the geographical uniqueness of the country.

Nepal Consul in Singapore Mr. Madhusudan Patel, closely assisted by NTB Honorary Representative Mr. Kamal Bashyal, coordinated and arranged the event where around 130 invitees from trade, media, airlines, investors, and business communities were present.

Just as Middle East is a hub for travel to Europe and beyond, Singapore is a getaway to various destinations like Malaysia, Thailand, Korea, Japan and Australia. Singapore has a highly developed trade-oriented market economy and has the third highest per-capita in the world. Nepal receives around 6,000 Singaporeans every year.