Xinhua, Kathmandu– Nepal has largely become self-reliant on cement due to increased domestic production thanks to increased investment from Nepali and Chinese investors in the sector, Nepali officials and industry leaders said. They said that Nepal hardly imports cement from foreign countries while import of clinkers, the raw materials for producing cement, is also being […]
RSS, Kathmandu– Nepal, and Bangladesh have agreed to make joint investments in hydropower projects. The decision was taken at the Energy Secretary level meeting between the two nations on Friday which included the projects covered by the whitepaper issued by the previous meeting a year back. “The Energy Ministry had included the projects ensuring at least one in each State. Energy Secretary, Dinesh […]
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of up to USD90 million for the Upper Trishuli-1 Hydropower Project, AIIB’s first project in Nepal. The project will increase the country’s power generation by almost 20 percent, helping to reduce acute power shortages in the country, a statement by the Bank […]
Kathmandu, May 16: Nepal government has launched the ‘One Stop Service Centre’ (OSSC) from Wednesday with the aim of providing services to foreign investors from one point. The government’s move came less than two months after the Nepal Investment Summit organised in Kathmandu. The Centre is located at the Department of Industry (DoI). Launching the […]
Kathmandu: Nepal is set to organise the Nepal-India Franchise Investment Summit, starting from May 15, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed in a press meet. The two days Franchise Investment Summit will be held in the capital of the Himalayan nation in association with the Embassy of India and Federation of Nepalese Chambers of Commerce and Industry. “Investments are not […]
PTI : Nepal and China may be getting closer for mutual economic and trade gains but their emerging relationship is “not at all at the cost of India”, Nepalese Ambassador to India Nilambar Acharya said Tuesday. India and Nepal have been closer for ages and even common inheritor of similar and identical civilization and therefore, both the nations should make continuous efforts to further broaden the scope […]
Kathmandu: Nepal is hosting an Investment Summit on coming 29th and 30th of March. Non-residential Nepalese Association (NRNA) has expressed its commitment to invest RS 10 billion in various infrastructure development projects in Nepal this year. NRNA source has stated that it will formalize this commitment during the Nepal Investment Summit. The government and the Association […]
Kathmandu : Visiting Director General of the Swiss Agency for Development and Cooperation (SDC), Manuel Sager, Friday said that the SDC would work with the Government of Nepal to reduce investment risk by means of sharing ideas so as to help Nepal attract more foreign investment. A senior official of the Swiss government has pledged […]
Kathmandu : The programme named ‘Nepalko Pani, Janatako Lagani: Harek Nepali Bidyutko Sheyardhani (Nepal’s Water, People’s Investment: Every Nepali’s Share on Electricity) was officially launched on February 13 this year. In the initial phase, for the share under this project, only 10 percent amount suffices. One can buy the share till March 25. Minister KP […]
Kathmandu : The House of Representatives endorsed the Foreign Investment and Technology Transfer Act (FITTA) on March 18, 2019. The bill is said to be brought in to effect in order to facilitate Governments Investment Summit which is going to held on 29th and – 30th of March. The bill was drafted with the objective of attracting […]
KATHMANDU: The Investment Board Nepal has approved an investment proposal of South Korea’s Motrex to establish a car manufacturing and assembly plant in Nepal. A board meeting of the IBN, chaired by Nepali Prime Minister Sharma Oli on Friday approved the proposed investment of 10.54 billion Nepali rupees (95 million U.S. dollars), the IBN said […]
London : Embassy of Nepal to the U.K. has successfully commenced “Nepal Development conference-5” on Friday. Finance minister of Nepal Dr Yuvaraj Khatiwada was the keynote speaker on the program. Addressing the program Dr Khatiwada highlighted the key policies, investment friendly regulations of the government of Nepal and mentioned some of the potential sectors for the investment […]
London : Finance minister of Nepal Dr Yuvaraj Khatiwada is due to visit London to attend an investment conference organised by The Embassy of Nepal to U.K. , London. During the interaction program with international investors and diaspora Nepalese community Mr Khatiwada will directly communicate the government’s policy and answer the curiosity of the investors […]
KATHMANDU: With huge amount of national and foreign investments in cement industries, Nepal is self-reliant in cement production this year onwards. According to industrialists, cement industries have received the investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion. Chairman of Nepal Cement Producers’ Association Dhrubaraj Thapa said […]
WASHINGTON — The United States-Nepal Trade and Investment Framework (TIFA) Council held its fourth meeting on 13 November here to promote expanded bilateral trade and investment in both goods and services as well as technical assistance. The meeting was co-chaired by Mark Linscott, Assistant U.S. Trade Representative, and Chandra Kumar Ghimire, Secretary, Ministry of Industry, Commerce, […]
Kathmandu : Nepal can achieve growth rates of at least 7 to 8 percent that is imperative to become a middle income country by 2030 only if it shifts its remittance-led and consumption-based growth to one that is investment and productivity driven, according to the World Bank Group. Releasing the Nepal Development Update (NDU), a […]
