Nepal woos Israeli investors

Israeli businessmen have shown interest to invest in small scale enterprises in Nepal.
“Israeli investors are impressed with our presentation about the investment opportunities in Nepal. They inquired with us about investment potentialities in small scale enterprises," Mukunda Prasad Poudel, joint secretary at the Investment Board of Nepal (IBN) Secretariat, said.
Poudel made the presentation to around six dozen Israeli businessmen who were present at an interaction on ´Investment and Business Opportunities: Doing Business in Nepal´ held in Tel Aviv last week.
He also said some Israeli entrepreneurs have showed interest to investment in the industries that produce turbine for small hydropower projects.
The interaction, which was organized jointly by the Embassy of Nepal in Tel Aviv and the Federation of Israeli Chambers of Commerce (FICC), focused on investment opportunities and existing legal provision in Nepal.
According to the Department of Industry (DoI), Nepal has received a total of Rs 681 million in foreign direct investment (FDI) from Israel as at fiscal year 2010/11. Statistics compiled by the department shows that existing 12 Israeli joint ventures in Nepal have generated more than 400 in Nepal.
Existing as well as potential investors had participated at the interaction. During the interaction, Israeli businesspeople inquired about legal provisions in Nepal.