Confederation of Nepalese Industries (CNI) and Non-Resident Nepali Association (NRNA) agreed to jointly promote investment in the country and Nepali products abroad.
CNI president Satish Kumar More and the newly-elected president of NRNA Kumar Panta signed the agreement on behalf of their institutions. More, on the occasion, said that the role of NRNs in bringing in foreign expertise and technology in Nepal’s industrial development is crucial.
Stressing on the need for NRNs and private sector to work together, he said, that Nepal has a high scope for investment in sectors like infrastructure, hydropower, tourism, agriculture and technology. “These are the sectors, where the private sector and NRNs should coordinate in bringing in foreign investment,” More added.
Similarly, CNI also urged NRNA to make its Investment Fund more effective and mobilise it for country’s development as soon as possible.
Likewise, immediate past president of CNI Hari Bhakta Sharma said that NRNs should contribute to the development process of Nepal by sharing the development experience and expertise of foreign countries.
NRNA president Panta, on the occasion, said that the association will work together with the private sector in Nepal to attract foreign investment, especially in the manufacturing sector. The NRNA will work to bring in foreign investment worth billions of rupees into the country,” he said.
Immediately after being elected to the top post of NRNA, Panta had vowed that NRNs would invest Rs 10 billion in various infrastructure development projects in the country this fiscal year.
CNI president Satish Kumar More and the newly-elected president of NRNA Kumar Panta signed the agreement on behalf of their institutions. More, on the occasion, said that the role of NRNs in bringing in foreign expertise and technology in Nepal’s industrial development is crucial.
Stressing on the need for NRNs and private sector to work together, he said, that Nepal has a high scope for investment in sectors like infrastructure, hydropower, tourism, agriculture and technology. “These are the sectors, where the private sector and NRNs should coordinate in bringing in foreign investment,” More added.
Similarly, CNI also urged NRNA to make its Investment Fund more effective and mobilise it for country’s development as soon as possible.
Likewise, immediate past president of CNI Hari Bhakta Sharma said that NRNs should contribute to the development process of Nepal by sharing the development experience and expertise of foreign countries.
NRNA president Panta, on the occasion, said that the association will work together with the private sector in Nepal to attract foreign investment, especially in the manufacturing sector. The NRNA will work to bring in foreign investment worth billions of rupees into the country,” he said.
Immediately after being elected to the top post of NRNA, Panta had vowed that NRNs would invest Rs 10 billion in various infrastructure development projects in the country this fiscal year.
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