FNCCI asks NRNs to invest in Nepal

Fifth NRN global conference on October 12-13, 2011

Non-Resident Nepalese (NRNs) have been asked to invest in the country as there are huge opportunities and the country is also observing the year 2012 as the Nepal Investment Year.
“Nepal Investment Year has envisioned to create investment climate in the country,” Federation of Nepalese Chambers of Commerce and Industry president Suraj Vaidya said during a press meet organized by the Non-Resident Nepalese Association (NRNA) and FNCCI to officially announce the fifth NRN global conference that is scheduled here in the valley on October 12-13.
Vaidya seeking the NRNs help to make Nepal Investment Year 2012 a huge success, said that the generation of job opportunity in the country will stop the outflow of youth. “The NRN conference should decide on how to increase investment in Nepal as there is huge opportunity in the country despite various challenges,” the president of private sector added.
The NRNs have been talking of investment and skill transfer since the establishment of the association but there has been neither significant investment nor skill transfer in the last eight years apart from a jamboree that meet in the capital once a two year.
During every election, candidates promise of huge investment and basket fund but they are more focused on duel citizenship, which the lawmakers today morning — during the meeting with the NRN representatives — politely rejected.
“Prime Minister Dr Baburam Bhattarai is inaugurating the conference on October 12,” informed NRNA president Dev Man Hirachan. The association that has its network in 57 countries is going to discuss on dual citizenship, investment opportunities, establishment of open university and social contribution to their motherland, he said, adding that the conference also review its past performances apart from electing a new team for the next two year term. The NRNA establihed in 2003 will get the third president after Upendra Mahato and Dev Man Hirachan.
The NRNA International Coordination Council (ICC) will also elect the new committee for the two-year term. Incumbent president Dev Man Hirachan and vice-president Jeeba Lamichhane are vying for the post. There are 57 national coordination council globally.
Meanwhile, the NRNA is going to observe tomorrow as NRN Day with various programmes. Every year, NRNs observe October 11 as NRN Day.