KATHMANDU, Oct. 14 (Xinhua) -- Nepali President Bidya Devi Bhandari said on Saturday that time was appropriate to invest in Nepal as the country was entering into the phase of economic development following the promulgation of new constitution in 2015.
The Himalayan country which held local elections recently is now holding provincial and federal elections to implement the constitution, which envisioned federating the country.
Addressing the eighth international convention of the Non-Resident Nepalis Association (NRNA), a grouping of Diaspora population of Nepal, here on Saturday, she asked the NRNs to increase their investment in the areas of healthcare, education, tourism, hydropower and infrastructure, among others.
More than 1,500 Nepalis living abroad have taken part in the convention which kicked off on Saturday.
Diaspora populations of Nepal have been working in an organized way in Nepal and other countries since the establishment of NRNA in October 2003. Since then, the NRNA has expanded its networks to 77 countries around the globe. Over 100,000 Nepalis, except those residing in South Asia, are associated with the organization.
Nepal, one of the poorest countries in the world, has considered Diaspora Nepalis as one of the importance source of investment in Nepal and they are also expected to help promote tourism and goodwill of Nepal across the globe.
As per the study conducted by the NRNA in 2015, the NRNs have invested as high as 286 million U.S. dollars in Nepal.