NRNs propose to set up a 100 million dollar fund

January 26, 2005
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Kathmandu: The recently concluded three-day regional meeting of the NRNs(Non-Resident Nepalis) in Doha proposed to set up a basket fund of USD 100 million to promote Nepali products abroad and increase investment in Nepal.

The meet also discussed a model proposed by a Canada-based Nepali professor, Aditya Jha, to set up the fund. The Fund will have representatives from the HMG/N, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Association of NRN and NRN investors as its operators.