Nepal investment board chief confident of attracting overseas money

South Asian country focuses on clean energy and IT, looks to work with Japan

20230721 Nepal investment board chief

Sushil Bhatta, chief executive officer of the state-run Investment Board Nepal, in Tokyo during a visit to promote investment from Japan to his country. (Photo by Hirofumi Miyoshi)

HIROFUMI MIYOSHI, Nikkei staff writer

TOKYO -- Nepal has been making efforts to accept more investments from overseas. In a recent interview with Nikkei, Sushil Bhatta, chief executive officer of the state-run Investment Board Nepal, stressed that the country will promote large-scale private direct investments, putting more emphasis in areas such as clean energy and information technology.

Bhatta recently visited Tokyo in a bid to attract more investment from Japan. According to the board, Nepal has raised $9.5 billion in investments from all over the world. The South Asian country's efforts picked up especially after it formulated investment guidelines in 2019.

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