Nepal

The US Embassy organised a day-long workshop with business and government leaders in collaboration with the American Chamber of Commerce (AmCham Nepal) on Friday.

The workshop was aimed at promoting sustainable economic development in Nepal, according to a statement from the US Embassy. 

The topics discussed at the workshop were focused on Nepal’s business environment and investment policy initiatives, the statement read.

Different entrepreneurs, executives, business association representatives, development agencies, think tanks, and government officials – all key stakeholders in promoting sustainable economic development in Nepal - participated in the discussion. 

"The event was also an opportunity for the U.S. Embassy to demonstrate support for increased U.S. business investment and engagement in Nepal," said the statement.

“In Nepal, as in many other countries, the private sector is the key change agent in economic development – creating jobs and contributing the most to national income.” Manny P Micaller Jr, Chargé d'Affaires at the embassy, said in the statement. 

“Beyond that, the private sector leads by example, demonstrating values such as responsibility and inclusion, and making a positive impact that lifts all communities in Nepal,” he added.

The event also highlighted the new and rapidly growing American Chamber of Commerce in Nepal (AmCham Nepal), which is working to support the Nepal-US trade and investment relationship. 

AmCham Nepal’s President Ajit B Shah shared about the necessity of Amcham Nepal and how it is working on mitigating policy challenges for existing American businesses currently operating in Nepal.  

Shah further added that there is a huge opportunity to deliver IT Services to the rest of the world from Nepal and that there is a need to have an organization like NASSCOM to accelerate this industry.