VP Yadav to take initiative to support in NRNA investment

 Kathmandu, Mar. 29

Vice President Ram Sahay Prasad Yadav has expressed his commitment to take an initiative to solve the problem regarding the investment of non-resident Nepalis (NRNs) in Nepal at the earliest.

"I am positive to pave the way for investment of the capital and knowledge the NRNs have acquired abroad. I would also like to encourage you to confidently invest in Nepal's technical and business knowledge as well as skill development sector," VP Yadav said with a delegation of the NRN Association that called on him at his office on Wednesday.

The delegation led by Executive President of the NRNA Rabina Thapa and President Kul Acharya discussed the issues of continuation of citizenship, security of property of Nepalis living abroad, creation of easy investment environment in Nepal and cooperation to make Nepal prosperous.

NRNA's International Coordination Committee's Vice President Durga Acharya, Secretary Govind Prasad Gautam, former ICC member Ram Belbase, Regional Coordinator (Middle East) Manoj Kumar Shrestha, Bhagirath Yogi and other representatives of various countries and Ravi Kiran Adhikari, Chief Executive Officer of the Association were present on the occasion.

In the meeting, executive president of the NRNA, Rabina Thapa, drew the attention of Vice President Yadav to the need to take positive steps for the continuation of citizenship.

Similarly, the president of the association, Kul Acharya, said that positive initiatives should be taken to make the law related to security of property more friendly to non-resident Nepalis and to solve the existing obstacles for investment. He said that it is sad that the issue of citizenship has not been resolved despite repeated efforts.

Vice president of the association, RK Sharma, said that the country should be able to respect the contribution of the workers abroad and emphasized that the highest body of the state should also take a positive initiative for that.

The youth coordinator of the association, Abdul Basid, requested the Vice President to assist in revising the Foreign Investment and Technology Transfer Act and related regulations and orders, including the Non-Resident Nepali Act, which are directly related to the non-resident Nepalis, and to remove the existing minimum ceiling set for the foreign investment.

The founding president of the association, Dr. Upendra Mahato, said that the non-resident Nepalis scattered all over the world are embarking on a campaign to make Nepal prosperous soon, and said that cooperation with the government and the support of the state agencies are necessary in this campaign.

Published in The Rising Nepal daily on 30 March 2023.