Kathmandu । Association of former career Ambassador of Nepal (AFCAN) and  Center for Diplomacy and Development (CDD) has organized a seminar on 'Foreign Direct Investment in Nepal: Challenges and Opportunities'. The program held on 12 July in Kathmandu was inaugurated by Hon. Minister for Foreign Affairs N.P. Saud. While delivering his inaugural address, Hon. Foreign Minister said FDI is very important for our country to achieve economic growth and to fulfill development objectives.

Guest of Honour His Excellency Naveen Srivastava, Ambassador of India to Nepal enumerated Indias´s success story in attracting FDI through a series of policy reforms. Ambassador further said that 32% of FDI in Nepal has come from India.

Chair Ambassador Bhagirath Basnet made a request to find out the real causes which hinder the smooth import of FDI in our country. Likewise, co-chair Ambassador Mohan K. Shrestha gave the example of Cambodia which has shown an exemplary track record in attracting FDI. He further said good policies and their effective implementation are requisite for attracting FDI in our country.

Mr. Shankar Singh Dhami, Director of the Department of Industry made an illustrative presentation on FDI in Nepal. Meanwhile, Mr. Hari Bhakta Sharma, former CNI President analyzed the situation of FDI & Dr. Posh Raj Pandey, Senior Economic Advisor Of the Ministry of Finance presented several international and national scenarios connected with FDI.

Ambassadors and diplomats, Foreign Ministry higher officials, Former Ambassadors, Professors, Business leaders, FIPMO members, and other dignitaries from different walks of life were presented on the occasion. The organizers AFCAN and CDD have claimed that seminar was successful to apprise the real situation of FDI in Nepal.