Nepal and China are planning to set up an industrial park in Chitwan – the former prime minister and co-chair of the ruling Nepal Communist Party (NCP) Pushpa Kamal Dahal – to develop the area as a hub of comprehensive industrial manufacturing and processing center supporting facilities, according to Chinese media.
“It will be the second industrial park being developed with Chinese cooperation – after the first one is being developed in Jhapa district, the hometown of the incumbent prime minister KP Sharma Oli – if everything goes planned,” the China's state-owned Xinhua news agency report reads.
China has emerged as the largest contributor of foreign direct investment (FDI) in Nepal in recent years as the Chinese investors have pledged the highest FDI to Nepal four years in a row. Nepal received more than half of its total FDI pledges from its northern neighbour in the last fiscal year 2018-19, the news reads, adding that Nepal received FDI commitment of $114 million from China in the last fiscal, while total FDI pledges stood at $216 million, according to the data of Department of Industry (DoI).
Dahal – while addressing the Nepal-China Economic and Trade Cooperation Forum 2019 in Kathmandu yesterday – said that Nepal wants industrial development in all the seven provinces.
“It will be the second industrial park being developed with Chinese cooperation – after the first one is being developed in Jhapa district, the hometown of the incumbent prime minister KP Sharma Oli – if everything goes planned,” the China's state-owned Xinhua news agency report reads.
China has emerged as the largest contributor of foreign direct investment (FDI) in Nepal in recent years as the Chinese investors have pledged the highest FDI to Nepal four years in a row. Nepal received more than half of its total FDI pledges from its northern neighbour in the last fiscal year 2018-19, the news reads, adding that Nepal received FDI commitment of $114 million from China in the last fiscal, while total FDI pledges stood at $216 million, according to the data of Department of Industry (DoI).
Dahal – while addressing the Nepal-China Economic and Trade Cooperation Forum 2019 in Kathmandu yesterday – said that Nepal wants industrial development in all the seven provinces.
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