New Delhi, Jun 13 (KNN) Seeking investments from Indian businesses in order to further strengthen the economic co-operation between the two countries, Nepal’s finance minister, Ram Sharan Mahat invited the Indian business community to set up their units in Nepal and produce goods to be sold in China which offers a huge consumer market.

“There is a huge scope to invest in services sector which accounts for over 50 per cent of Nepal’s gross domestic product (GDP) and generates maximum number of jobs,” said Mahat while interacting with business luminaries and senior members of ASSOCHAM on Friday.

Indian companies can explore significant business opportunities in aviation, banking, communication, education, health, tourism, transportation and other such areas which are the new wealth generators, he said.

He said his country offered favourable agro-climatic conditions, industry friendly environment, 100 per cent foreign direct investment (FDI) in most sectors and favourable fiscal policy included various incentives are certain key advantages in terms of doing business.

The minister also sought help from India government to reconstruct and rebuild the Himalayan Nation in the aftermath of recent massive earthquake that hit the country.

“Nepal is expecting investments worth at least USD 6-7 billion at the upcoming Global Donors Conference in Kathmandu on June 25,” he said.

Over half a million homes, 10,000 schools, various government offices and commercial establishments were destroyed by the earthquake which killed about 9,000 people and injured about 30,000 people across the country, informed the minister. (KNN/ST)