China to assist Nepal in establishing fertilizer plant, ready to initiate works once investment is approved

Kathmandu .The government of China has showed readiness to provide assistance to Nepal in establishing a fertilizer plant.

According to Chinese Ambassador to Nepal, Chen Song, the Chinese government was ready to complete all the works related to the establishment of a fertilizer plant within the next year.

In a discussion with editors of mainstream media including the Rastriya Samachar Samiti (RSS) on Thursday evening, Chinese Ambassador Song reiterated that the works related to fertilizer plant would be launched as soon as the Investment Board Nepal approves the proposal related to it.

‘Our aim is to run a fertilizer plant utilizing the electricity and water resources abundantly available in Nepal. Our priority is relationship with Nepal and its betterment,’ the Chinese envoy reiterated, adding that China always wants to support for socio-economic development of Nepal.

He also informed the editors that a team of Chinese technicians were currently in Nepal to conduct feasibility study of the Nepal-China cross-border transmission line.

Song argued that the development of hydro power and cross-border power trade would be instrumental in fulfilling the national aspiration of ‘Prosperous Nepal, Happy Nepali’.

Reaffirming China’s commitment for utmost support in Nepal’s national goal to graduate from the Least Developed Countries status to the middle-income country (by 2026), he informed that the recently held third meeting of the Communist Party of China (CPC) had opened China’s labor market for employment for other countries in the world, including Nepal.

In the wake of the third meeting of the CPC, a high-level American delegation is visiting China to identify the investment opportunities, according to him. Song further shared the CPC’s third meeting presided by Chinese President Xi Jinping had announced over 300 reform measures. He pledged to bolster bilateral cooperation for the development of Nepal.

The electricity produced in Nepal could be consumed in Chinese market as well. On a different note, he said that Nepali students pursuing higher studies in China would get employment opportunities with the provision of internship.

Ambassador Chen expressed the view that reforms announced by China would further deepen China-Nepal partnership and Nepal could also utilize results of development achieved by China.

He showed confidence that Nepal’s development would get momentum within next five years. The Chinese Ambassador laid emphasis on maximum tourism infrastructures to attract Chinese tourists.

He explained that China was ready to transfer technology. Moreover, Ambassador Chen reminded that the ‘Road and Belt Initiative’ forwarded by President Xi Jinping with an objective of preparing infrastructures of the development would benefit all member countries.

He, however, made it clear that BRI implementation document was not signed with Nepal in lack of completion of some technical activities, adding BRI agreement between Nepal and China would be signed within few months.

The Chinese Ambassador mentioned, ‘We have given importance to the development of Nepal-China relations. We are ready to further strengthen Nepal-China comprehensive cooperation with everlasting friendly relations for the welfare of the people of both countries.’