Kathmandu, Aug. 16 -- resident Nepalis have expressed strong interest in investing in Nepal, but say cumbersome legal procedures, excessive bureaucracy, political instability and concerns over economic security continue to discourage capital inflows.

Delegates attending the ongoing 11th Asia-Pacific Regional Conference of the Non-Resident Nepali Association (NRNA) in Guangzhou, China, urged the government to simplify regulations and create a more predictable environment for investment.

Former NRNA president Binod Kunwar, a businessman based in South Korea, said a gap between government rhetoric and implementation remains a major obstacle to investment.

"I have equal investments in both Nepal and South Korea. My experience shows that Ne...