NRNs admit investment pace slow

Non-Resident Nepalis (NRNs) are of the opinion that it would take a little while before they start investing in Nepal.
"Though there is unified and scattered investment by NRNs, it is not to the expectations of the people and the country," they said during a programme at Reporters' Club here today.
Some of the possible-candidates of the NRN Association (International Coordination Council) said that during the last six years of NRNA, Nepal government has addressed some of their issues.
However, there is a basic difference in the defination of NRN between the government and NRNs. "According to Nepal government, those, who have stayed two years in any other countries could be a NRN, while according to NRNs, those with six months stay are also NRNs," they said urging the government to recognise students who are studying in various countries as NRNs. The government does not recognise students as NRNs.
Non-Resident Nepali Association (NRNA) is preparing its convention in Kathmandu from October 13 to 15. The convention to be held at Soaltee Crowne Plaza will hold its ICC election. Every alternate year, NRN International Coordinating Council holds an election to elect a president, two vice-presidents, a general secretary, treasurer and secretary.
ICC has also urged all NRNA members and prospective candidates to attend the Kathmandu conference. Delegates from all the countries will be eligible to vote. This time around, 1,000 delegates are expected from 55 countries. To be eligible to vote for any NRN motion and election, one must be a member of NRN National Coordinating Council.
Meanwhile, a preparation meeting between Foreign Minister Sujata Koirala and representatived of the NRN committee for the fourth global conference was held yesterday.
During the meeting Koirala informed them about the government's concerns towards the success of the conference and its decision to grant support for it.