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Get to Know About Nepal
Nepal is a landlocked nation located in South Asia, with China and India being its neighbors. Nepal’s economy has grown well during recent years with the service industry playing a significant role.
Other industries like agriculture are also developing in Nepal with some of its products being wheat, rice, tobacco, and sugarcane. Construction and finance are other growing sectors here. Tourism is also a developing industry with many people coming to scale Mount Everest and the other tall mountains here.
Doing business in Nepal has many advantages, such as:
(i) Easy access to the huge markets of India and China is definitely a major attraction for investors.
(ii) Another advantage is the low cost of labor, which is available in plenty. The low cost of land here is another plus point.
(iii) Hydropower, which is very affordable for investors, has excellent potential for growth here.
(iv) The government of Nepal is also very investor-friendly and has taken many steps to promote foreign investment.
Like other countries, Nepal also has some challenges for investors, like the difficulty in getting finance for business. There is also the problem created by the slow functioning and delays by the public sector. There is a need for transparency in government procedures here.