foreign investment
Nepal’s Finance and Health Sectors Forge Closer Ties with China
In a significant development for Nepal’s economic and healthcare sectors, Chief Minister Yam Lal Kandel of Karnali Province convened with Finance Minister Barshaman Pun to deliberate on crucial projects and budget allocations for the forthcoming fiscal year. During the meeting, discussions centered on prioritizing key initiatives aimed at bolstering economic growth and addressing pressing healthcare […]
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Nepal Attracts Foreign Investment, China & India Offer Incentives
Nepal’s capital Kathmandu recently hosted the third Nepal Investment Summit, attracting over 1,100 foreign participants, predominantly from neighboring giants China and India. The summit aimed to showcase Nepal as an emerging destination for private sector investment and highlight recent reforms to enhance the investment climate. In a significant move, China announced the exemption of visa […]
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Finance Minister Pun and World Bank Agree on Upper Arun Hydroelectric Project
Nepal’s Finance Minister, Barsaman Pun, currently in America, has secured a crucial agreement with senior World Bank officials in Washington DC regarding the financial management of the 1,063 MW Upper Arun Semi-reservoir Hydroelectric Project in Sankhuwasabha. According to a press statement from the Finance Minister’s secretariat, Minister Pun and Martin Raiser, Vice President for South […]
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Nepal Finance Minister Urges US Investors for Opportunities
Finance Minister Barshaman Pun, currently in the US, has captured the attention of American investors towards Nepal. He urged them to explore investment prospects. During a roundtable discussion organized by the US Chamber of Commerce in Washington on Wednesday, Finance Minister Pun emphasized the need for investors to identify opportunities in Nepal. Anjali Kaur, Deputy […]
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Samsung Partners with Him Electronics to Open Nepal’s First Multinational Electronics Manufacturing Facility
Samsung and Him Electronics have partnered to open Nepal’s first multinational electronics manufacturing facility. The landmark television factory is located in Nawalparasi and was inaugurated by the Hon’ble Minister of Industries, Commerce and Supplies and Samsung Southwest Asia’s CEO, Mr. JB Park. This move is expected to have a significant impact on Nepal’s economy and […]
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Google Enrolls itself in the Nepalese Tax System
Nepal’s tax system now includes Google LLC, one of the world’s biggest technology companies, as per the Inland Revenue Office. Google has registered in the Lalitpur-based Large Taxpayer Office to pay taxes on the different services and products it offers in Nepal, including electricity services, for Fiscal Year 2079/80. The spokesperson for IRD, Raju Prasad […]
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