Stories By 'MUKUL HUMAGAIN'
The Nepal Investment Summit 2019 ended on Saturday on a high note, particularly for the private sector, as the closing ceremony witnessed the signing of 15 deals and memorandums of understanding between Nepali and foreign companies.
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As the government gears up for the Nepal Investment Summit, senior officials told the Post that it is planning to invite foreign investors again for the development of West Seti Hydroelectric Project.
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The formation of a three-member task force to prepare a modality for the development of West Seti Hydroelectric Project on Tuesday formally closed the chapter of China Three Gorges International with the multi-billion project.
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The West Seti Hydroelectric Project has all but collapsed after the Chinese developer turned down the government request to execute the project citing financial infeasibility.
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The fate of the West Seti Hydroelectric Project, which has been in limbo since 2012, hangs in the balance as an all-important meeting on the project began in Kathmandu on Tuesday.
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On August 4, a delegation of the Morang Chamber of Industries and Morang Merchant Association met Prime Minister KP Sharma Oli to discuss the issues that businesspeople in Province 1 are grappling with. But one topic dominated the agenda that afternoon: the series of taxes that provincial governments were imposing on businesses.
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