KATHMANDU, Aug 31: Minister for Finance Yuba Raj Khatiwada has defended the provision in the new Foreign Investment and Technology Transfer Act (FITTA) to remove loan from the components of Foreign Direct Investment (FDI).
KATHMANDU, July 3: After the establishment of one-stop service center at the Department of Industry, foreign direct investment (FDI) of Rs 7.92 billion has been approved for 41 industries from the information technology (IT), manufacturing, services and tourism sectors.
Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.
Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.
Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.
KATHMANDU, March 31: With a strong kick start to Investment Summit Nepal 2019, 615 delegates from over 40 countries provided a strong platform for dialogues and articulate discussions regarding Nepal's potential market.
KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.
The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.
KATHMANDU, March 3: Dairy industrialists have urged the government not to open gates for Foreign Direct Investment (FDI) in the dairy sector, stating that the country was on the way to becoming self–sufficient in dairy products.
KATHMANDU, Feb 1: As the government plans to host Investment Summit next month to attract foreign direct investment in Nepal, the US – one of the major potential source countries for FDI – has said that “real, bold and tangible reforms both at laws and practice” are necessary to instill confidence among potential investors.
KATHMANDU, Sept 7: Private sector leaders and economists have said that the government should roll out red carpet to foreign direct investors only after making sure that their investments do not compromise or affect national interests of the country.
KATHMANDU, Feb 15: Foreign Direct Investment (FDI) flow in the first six months of FY2017/18 nearly doubled to Rs 14.33 billion compared to Rs 7.9 billion in the first half of the last fiscal year, a recent data of Nepal Rastra Bank (NRB) shows.
KATHMANDU, Jan 4: Only a third of the total outstanding stock of foreign direct investment (FDI) is on paid-up capital while the remaining portion is held in reserve or debt, according to a study conducted by the Nepal Rastra Bank (NRB).