Kathmandu, Mar 20: Nepal PM Dahal has urged Chinese investors to invest in his country at the Nepal-China Investment and Business Forum 2023 in Kathmandu. At the forum, Dahal also brought up the issue of the Nepal-China inland railway and transmission line, which has been under discussion for a long time.

 

 

 

 

Nepal Prime Minister Pushpa Kamal Dahal said that discussions are being held with China for the expansion of the border in trade relations, and he also expressed concern over the increasing trade deficit with China. He also mentioned that foreign direct investment (FDI) has not been received from China as promised. Nepal's growing trade deficit with China and the "apparent gaps in China's committed and actual FDI are some of the issues that a forum like this should try to address with a practical solution," said Dahal.

 

 

 

 

Nepal has a long history of relations and assistance with its neighbouring country, China. In recent times, China has gained a grip on Nepal's big projects. Chinese companies are involved in the construction of airports, hydropower projects, tunnels, roads, and dry ports. Some of these projects have been completed and operational, while some have been stalled. Some projects have been built by the Nepal government with Chinese loans. But now questions have started to arise about the justification and benefits of those projects.

 

 

The construction of some projects has been delayed for years due to the negligence of Chinese companies. Chinese company CAMC Engineering, Sino Hydro Corporation, Poly Changda, China Overseas, China State Construction Engineering and other companies are especially involved in Nepal's big contracts. The Damak Industrial Park, which is supposed to be built by China, is still stalled. The construction of this park, which was laid with pomp by promising to improve the economic condition of the country, provide employment for one lakh people, and to bring about a revolution in the industrial sector has been stalled for a long time.

 

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