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Nepal finance ministry releases handbook for prospective Indian investors

By Business Standard - 7 months ago
Nepal Finance Minister Barsha Man Pun on Monday released a handbook for Indian investors keen on exploring more business opportunities in the Himalayan nation. Published by the Nepal India Chamber of Commerce and Industries (NICCI), the handbook released on the sidelines of the Nepal Investment Summit 2024 consists of insights into rules, regulations, taxation, investment climate, intellectual property rights, and investment procedures for prospective investors looking to engage with Nepal's market. According to the website of the Indian Embassy in Nepal, India is the largest source of investment into the Himalayan nation, accounting for more than 32 per cent of the total FDI stock of Nepal, which is worth nearly USD 520 million, as per NRB data until mid-2020. There are about 150 Indian ventures operating in Nepal engaged in manufacturing, services (banking, insurance, dry port, education and telecom), power sector and tourism industries. Indian companies and investments have playe

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