KATHMANDU, Jan 16: Approximately Rs 20 billion in foreign investment has been mobilized for the Langtang-Bhotekoshi Hydroelectricity Project based in Rasuwa. The under-construction project has a total capacity of generating 120 megawatts of power.

KATHMANDU, Jan 15: Foreign investment of approximately Rs 20 billion has been mobilized for the Langtang-Bhotekoshi Hydroelectricity Project based in Rasuwa. The under-construction project has a total capacity of generating 120 megawatts power.

In a welcome turn of events, Nepal is experiencing a resurgence in foreign investment commitments, signaling a promising economic shift after a period of decline attributed to the global financial crisis.

KATHMANDU, Nov 1: Finance Minister Dr Prakash Sharan Mahat has said Nepal requires sufficient financial resources for its economic development and transformation.

KATHMANDU, Aug 31: The US Millennium Challenge Corporation (MCC) initiative of the United States has kicked off its implementation phase. The project's execution was formally initiated as Finance Minister Prakash Saran Mahat and Cameron Alford, Vice President of MCC for Compact Operations, exchanged the 'Entry into Force' (EIF) agreement on Wednesday.

KATHMANDU, Aug 31: The Government of Nepal (GoN) and the Millennium Challenge Corporation (MCC) on Wednesday officially launched the MCC Nepal Compact Program, a program jointly funded by the GoN and the US government.

Unfortunate Opposition to MCC Compact

August 31, 2023 07:30 am

In a move that raises concerns for Nepal's developmental trajectory and its potential for foreign investment, a section of leftist parties, including some from the ruling coalition, has launched a fresh protest against the implementation of the Millennium Challenge Corporation (MCC) Compact, even after their key concerns have been addressed by the US government.

KATHMANDU, May 26: Despite the government's repeated assurances about increasing production through foreign investment, the actual commitment of foreign investment has decreased.

BUTWAL, May 25: Sixty-seven industries are in operation with foreign investment in Lumbini Province. Of them, 34 are small-scale industries, 16 middle-scale and 17 large-scale.

KATHMANDU, May 10: A two-day EU Nepal Business Forum was held in the capital with the promise of bringing in foreign investment and enhancing trade in Nepal. The program held in the capital for two days on Monday and Tuesday discussed in detail the possibility of foreign investment in Nepal and business enhancement.

KATHMANDU, Dec 26: A study conducted by the National Planning Commission (NPC) has suggested to restrict foreign investment in the primary sector of agriculture.

KATHMANDU, Nov 8: Chandra Prasad Dhakal, the Acting President of the Federation of Nepalese Chamber of Commerce and Industry, has requested prospective investors to invest in Nepal as there are good returns on foreign investment in Nepal.

KATHMANDU, Sept 9: Finance Minister Janardhan Sharma has claimed that Nepal Rastra Bank (NRB) and its employees do not understand the issue of hedging foreign investment in Nepal's big projects.

LONDON, Oct 30: Prime Minister Sher Bahadur Deuba has urged Non-Resident Nepalis Association (NRNAs) to help bring in foreign direct investment in Nepal.

KATHMANDU, Oct 28: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Investment Board Nepal (IBN) will cooperate with each other to promote foreign investment in Nepal.

KATHMANDU, Jan 20: Foreign investors have pledged an investment of Rs 515 billion in projects related to the hydropower and energy sector. But the stakeholders have failed to bring in the investment as pledged by foreign investors.

KATHMANDU, Feb 20: The government is planning to limit foreign investment in flying schools, and repair and maintenance institutions concerning the aviation industry.

KATHMANDU, Jan 10: Minister for Energy, Water Resources and Irrigation, Barsha Man Pun, who is on a United Arab Emirates visit, today held a meeting with Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) in the UAE.

Your daily dose of the missed important news of the day.

KATHMANDU, July 15: Minister for Communication and Information Technology Gokul Baskota has said that the government would not accept foreign investment in media.

KATHMANDU, June 29: Inaugurating the national dialogue on foreign policy organized by Ministry of Foreign Affairs on Saturday in the capital, Prime Minister KP Sharma Oli emphasized that foreign policy advocated by different political parties should be consistent with the one pursued by the government.

MYAGDI, April 2: Residents of Annapurna Rural Municipality in Mygadi are hopeful that the Kaligandaki Gorge Hydropower Project will be built, following an investment deal between a domestic company and a Chinese company.

Follow on MoUs, commitments

March 31, 2019 02:25 am

Prime Minister K P Sharma Oli made all the right noises about Nepal’s need for foreign investment on the opening ceremony of Investment Summit on Friday. He presented the case of Nepal confidently, exuberating enthusiasm while addressing the delegates and the investors. The prime minister told the investors what actually they wanted to hear.

KATHMANDU, March 30: Growing differences between Prime Minister KP Oli and Minister for Industry, Commerce and Supplies, Matrika Yadav have been surfacing one after another even as the government is trying to bring in foreign investment in the country through the investment summit.

BEIJING, March 26: Chinese Premier Li Keqiang reaffirmed Beijing’s pledge to further open up to foreign investment as he met with global business executives, and sought to assure them that the rights of foreign firms would be protected.

KATHMANDU, March 25: Preparations for the Nepal Investment Summit 2019 scheduled for March 29-30 in Kathmandu have neared final stage.

KATHMANDU, Jan 31: Sunil KC, CEO of NMB Bank, and Willem Grimminck, managing director of One to Watch, signed a memorandum of understanding (MOU) at a ceremony held at NMB Bank headquarters in Babar Mahal, Kathmandu, to bridge the interim financial gap for entrepreneurs which results from the need of getting regulatory approvals for foreign investment.

Govt at work to introduce one-door policy

September 6, 2018 18:30 pm

KATHMANDU, Sept 6: Minister for Industry, Commerce and Supplies Matrika Prasad Yadav today said that the government was at work to introduce one-door policy in a bid to attract foreign investment.