GAN demands Textile and Clothing Development Council

Kathmandu, Aug. 26

The Garment Association of Nepal (GAN) has called for the establishment of a Textile and Clothing Development Council to support the country’s apparel industry and strengthen exports.

The proposal was made during a discussion with the Ministry of Industry, Commerce and Supplies (MoICS) held in Kathmandu the other day. The discussion reviewed the current state of Nepal’s garment industry, its challenges and emerging opportunities, GAN said in a statement.

GAN highlighted the growing scrutiny of transshipment issues under United States customs regulations, describing it as a major challenge for Nepali garment exports. It said that a specialised council could provide structured support to the industry, helping it respond to market changes and seize opportunities in international trade.

Minister for Industry, Commerce and Supplies Damodar Bhandari said that preparations were underway to make the upcoming Trade and Investment Framework Agreement (TIFA) dialogue between Nepal and the United States more productive.

According to him, the government was aware of the risks posed by transshipment concerns and was working to address them. The minister also emphasised the role of export-oriented industries, including garments, in creating employment, supporting economic growth and improving the trade balance.

Director General of the Department of Industry, Rajeshwar Gyawali, said that long-standing processes to certify consumption levels of raw materials used in garments had been completed. He assured continued government support to the exporters.

Participants of the meeting said that the government’s plans and commitment to exports had given them encouragement to push ahead with efforts to expand production and international trade.

Published in The Rising Nepal daily on 27 August 2025.

Sixth agricultural mechanisation exhibition to be held from Nov 27

Kathmandu, Aug. 19

Kathmandu is all set to host the Sixth National Agricultural Mechanisation Exhibition 2025 at Bhrikutimandap Exhibition Hall from November 27 to 29.

The three-day event is being jointly organised by the Centre for Agricultural Infrastructure Development and Mechanisation Promotion under the Department of Agriculture, Ministry of Agriculture and Livestock Development, and the Nepal Agricultural Machinery Entrepreneurs’ Association (NAMEA).

Themed 'Mechanisation and Technology in Agriculture: Prosperity for Farmers and the Nation', the exhibition aims to promote modern farming practices, industrialisation and commercialisation in Nepal’s agriculture and livestock sector, the NAMEA informed in a statement.

Around 150 exhibitors representing domestic and international producers, importers, distributors, service providers and educational institutions are expected to show their products and services. "Over 2,000 varieties of machinery, tools and technologies related to agriculture, livestock, fisheries, floriculture, vegetable farming, irrigation, post-harvest management, processing and marketing will be showcased," read the statement.

NAMEA said that the exhibition is designed to create a single platform where farmers, entrepreneurs, cooperatives, researchers, policy makers and consumers can learn about modern equipment, services and innovations. It also seeks to strengthen linkages between agricultural entrepreneurs and consumers, raise awareness about commercial farming systems, and highlight investment opportunities in mechanised agriculture.

Since its inception in 2013, five national agricultural mechanisation exhibitions, one regional exhibition and one international agritech fair have been organised. The organisers expect that this year’s event will further expand the market for agricultural technology and encourage greater collaboration among stakeholders.

Entry to the exhibition will be free for visitors, including farmers, cooperatives, students, researchers, businesspeople, and members of the general public. The organisers expressed confidence that the exhibition will not only provide farmers with access to new technologies but also contribute significantly to Nepal’s goal of modernising and commercialising its agriculture sector.

Published in The Rising Nepal daily on 20 August 2025. 

National formalisation strategy in final stage

Priority to reducing informal employment in agriculture, construction, transportation, and wholesale and retail trade

 

Kathmandu, July 26

The Ministry of Labour, Employment and Social Security (MoLESS) is at the final stage to prepare the National Strategy on Formalisation with priority to reducing informal employment in agriculture, construction, transportation, and wholesale and retail trade sectors.

According to Labour Force Survey of 2017/18, Nepal's 84.6 per cent labour force is employed in various informal sectors including 22 per cent informal jobs in formal sectors. Since 24.62 per cent employment in agriculture, 15.91 per cent in construction, 16.04 per cent in wholesale and retail trade, and 4.24 per cent in transportation is informal, the strategy has accorded priority to these sectors.

According to the draft of the strategy published by the MoLESS, Nepal needs the policy document to provide comprehensive, clear, and integrated policy guidance for formalisation, and improve the productivity of enterprises, businesses and labour, and increase the efficiency of revenue administration among others. Most importantly, the document will provide a common understanding on informality and its different components from informal sector employment to employment in informal market economy.

"Multiple agencies and stakeholders should work together to achieve the national goal for formalising the economy. To forge better coordination among them and achieve that goal, we need a strategy," said Pradip Kumar Koirala, Joint-Secretary at the MoLES and Chairperson of the National Formalisation Committee (NFC) which is implementing the National Formalisation Plan with the technical assistance from the International Labour Organisation (ILO).  

He said that the strategy was needed to achieve the national goal of formalising economic establishments and benefit both employers and employees as well as the national economy.

Likewise, Gagan Singh Bista, Under-Secretary at the MoLESS and member of the NFC, said that the Ministry is in the phase of concluding the discussion on the strategy with the stakeholders and soon it would be presented at the Central Level Advisory Council (CLAC) chaired by the Labour Minister for the validation of the final draft prepared after incorporating the suggestions and addressing concerns raised by the stakeholders.

The CLAC – a tripartite mechanism including representatives from the government, employers and trade unions chaired by the Minister of Labour and formed under the Labour Act – will forward the final draft to the Cabinet.

The draft of the strategy has identified causes behind the informality in Nepal including low job creation in formal sector, high rate of poverty, poor access to quality education, dependent workers, administrative hurdles in business registration and renewal process, and high compliance cost. Other factors are weak implementation of existing laws, limited education about social security programmes and benefits of formalisation, poor coordination among the government agencies, lack of disaggregated data on business and workers, and legal and institutional gaps among the three levels of government.

According to the MoLESS, this is also the first of its kind policy in the South Asian Region. "It is the first integrated national action plan to facilitate formalisation in Nepal which is recognised by the ILO in Asia Pacific Regional Best Practices (2024), and 113^th International Labour Conference Innovative Practices (2025)," informed the NFC.  

While other countries in the region also have such strategy, the one Nepal is developing will be integrated one and will include digital submission of labour audit and digital case management for labour disputes on Integrated Labour Management Information System (ILMIS) system, and procedure for labour inspection in the informal sector.

Babu Kaji Karki, Co-Chiar of the Employers Council at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that the private sector is also hopeful that the strategy will address various maladies not only associated with the employer-employee relations but also fair business practices.

He said that the informality is spread across multiple economic sectors including business, employment, trading and production.

"However, many businesses running informally are yet to be educated that the compliance to the existing laws helps in business sustainability. The governments at different levels should also focus on simplifying the process and policies," he said.

The strategy is being developed as a component of the National Plan on Formalisation, which according to the NFC, has reached to more than 10,000 people with awareness programmes, trained 399 entrepreneurs till date on measures to formalise, and through which various surveys and discussions have been conducted.

The strategy draft read that at least 85 per cent of the economic establishments operating in Nepal will be registered, 40 per cent of businesses registered for taxation will submit their annual tax returns, and about 400,000 self-employed individuals and 300,000 informal sector workers will be enrolled in contribution-based social security schemes in five years after its implementation.

Likewise, it aims to increase the number of formal economic entities registered under the social security contribution scheme to 60,000 from the current number above 21,000. "The number of employees working in formal economic entities and enrolled in social security schemes will reach 1.5 million and about 30,000 establishments will submit their labour audit," read the policy.  

Work plan of the strategy include developing sector-specific codes of conduct for occupational safety and health, ensuring basic labour rights including non-discriminatory practices regarding wages, leave and social security, and providing free technical consultation to micro, small and women-owned businesses.

According to it, businesses transitioning to formalisation will receive various benefits embedded in the laws - including seed capital, operational grants, concessional loans, and collateral-free loans. It has also proposed exemptions on registration, renewal fees, income tax, and import duties.

Likewise, a digital one-window service centre will be established to provide all business-related services, from registration to exit, from a single location facilitating the submission of documents once and issuing permits electronically.

The strategy includes capacity building programmes including technical and managerial support to formalise, financial assistance for production process, skill development, and marketing assistance through public-private partnerships.

Published in The Rising Nepal daily on 27 July 2025.

New online labour system nears its launch

ILMIS to digitise labour permits, occupational safety records, and trade union activities

 

Kathmandu, July 20

With an aim of digitizing services offered by labour inspectorate in Nepal, the Department of Labour and Occupational Safety (DoLOS) has developed an Integrated Labour Management Information System (ILMIS) – a web portal that allows digital submission of labour audits, occupational accidents and disease reports, and case management system for labour disputes.

According to Director (Technical) and Spokesperson of the DoLOS, Engineer Maninath Gope, the system is in the final phase and would be officially rolled out in a month or so.

After the implementation of the new online-system, work and data related to foreign citizens to work in Nepal, labour suppliers, trade unions, and labour dispute resolution can be handled digitally without physically going into the existing eleven labour and employment offices.

Labour Act 2017 requires submission of a self labour audit each year by enterprises, which according to DoLOS is a complex task that involves 38 indicators addressing the major legal provisions of the labour laws. This was especially difficult for micro and small enterprises who had to physically travel to a different district where labour and employment office was based to submit the labour audit report. ILMIS by allowing digital submission democratizes the process, and facilitates the compliance process.

Likewise, it handles trade union registration and renewal, name changes, cancellations and amendments to trade union statutes.

"It will facilitate and simplify the registration of the details regarding occupational accidents and diseases. It also facilitates performance of the activities related to collective bargaining online," said Gope.

One of the most required functions in the business establishments has been managing rights and interest-based disputes in a systematic manner.

The ILMIS not only enables the online registration of applications related to labour disputes, including minimum wage, individual claims, and collective claims but also provides applicants with information on the processing status of their applications.

Similarly, new improvements to ILMIS include developing case management and messaging systems for grievance handling and occupational accident reporting.

The new system will support paperless work and technology-friendly service delivery, promote fast and transparent work process, and eliminate the need for repeated visits to the concerned offices. It will provide updated statistics of the establishments and workers.

 

Implementing transformation

Engineer Gope informed that the DoLOS had initiated the software development work about two years ago with Rs. 4.2 million. "With a vision of transforming the labour department to a technology-efficient and technology-friendly, we had launched a drive to develop a comprehensive software. But lack of budget limited the progress," he said.

The software has been used for issuing the labour permits to the industries, labour permits to the foreign citizens in Nepal, and recording trade union activities.

However, the Ministry of Labour, Employment and Social Security (MoLESS) under the National Action Plan on Formalization, worked together with the International Labour Organization (ILO) to provide technical and financial support in upgrading the software to include a full case management system for rights disputes, collective bargaining, industrial accident and disease reporting, and enterprise audits.

Following the launch of the new system, respective companies and trade unions can digitally feed the data into it saving their time and resources. Likewise, it will facilitate the DoLOS in collecting information even from the rural areas in a quick and reliable manner.

Currently, the DoLOS and ILO have conducted orientation trainings to the stakeholders of the ILMIS on the updated system. Such trainings have been organised in Dhangadhi, Surkhet, Birgunj and Biratnagar and will be conducted in Kathmandu soon.

"In about a month, the developer will officially handle the system to the DoLOS. Currently, we are testing the software from every aspect," said Engineer Gope and added that the system would be implemented gradually.

Since the labour is considered a tripartite issue in Nepal, the Department is collaborating with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) from the employer's side and Joint Trade Union Coordination Center (JTUCC) from the employee's side. The committee implementing the national action plan on formalization also has representation from FNCCI and JTUCC.

Women Committee Coordinator at the JTUCC, Sita Lama, appreciated the ILMIS stating that it has given priority to grievance handling and occupational safety and paved the way to manage them digitally.

"Although we have good laws, their implementation has remained poor. But with the implementation of online system, it would be easy to keep records of grievance and monitor the implementation of the facilities provided to the workers," she said.

However, Lama said that all workers must have easy and timely access to the system. For it, they should be enabled with information and skills, she stated.

Co-Chair of the Employers Council of the FNCCI, Babu Kaji Karki, said that the new system would facilitate all the stakeholders of the labour market. According to him, the small and medium enterprises (SMEs) should be provided with support so that they can implement it better.

 

A model project

The ILMIS functions as a web application with a front-end for user interaction and a back-end containing business logic, a web server, file system, and database.

The system flow for service seekers involves user registration via email and OTP, profile and document setup, application submission, payment verification, and the generation of a license certificate upon approval. For administrators, the system includes processes for reviewing, approving, and rejecting applications, as well as setting fees/fines and forwarding for further approval.

The DoLOS informed API integration with the Social Security Fund (SSF) to verify labour information has been initiated, with an MoU signed supported by the ILO. Efforts are also underway to improve usability through streamlined navigation, clear instructions, optimised interface design, responsiveness across devices, role-based access control, and mobile-friendliness.

Engineer Gope informed that the ILMIS being updated is a unique system in the South Asian Region. "Neighbouring countries like Sri Lanka and Bangladesh have shown interest in our system and want to replicate the model in their respective countries," he said. 

Published in The Rising Nepal daily on 21 July 2025.   

RBB promotes energy-efficient technology

Kathmandu, July 18

In a move to promote sustainable industrial practices, Rastriya Banijya Bank Limited (RBBL) has disbursed Rs. 29 million in financial grants to 10 Nepali industries adopting energy-efficient technologies.

The disbursement ceremony was held on July 17 at the bank’s Kathmandu office, marking the official rollout of the REEEP-GREEN grant facility.

The grant scheme falls under the Renewable Energy and Energy Efficiency Programme – Green Recovery and Empowerment with Energy in Nepal (REEEP-GREEN), co-financed by the European Union and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). It provides partial grant coverage for industries with strong energy-saving potential, helping them adopt cleaner and more efficient technologies.

The supported industries implemented key energy-saving measures identified through certified energy audits, resulting in projected lifetime savings of approximately 36,788 MWh, the bank informed in a statement.

"These efforts directly contribute to Nepal’s climate commitments and the country’s broader vision for sustainable industrial growth," it said.

CEO of RBBL Devendra Raman Khanal reaffirmed the bank’s dedication to green finance and environmental stewardship, and said that the programme aligned with national sustainability goals. The event also featured remarks from Rudra Khanal, Director of the Alternative Energy Promotion Centre, and representatives from the EU, German Embassy, and GIZ Nepal.

The initiative prioritises energy efficiency, environmental compliance, and decent work conditions, and aims to foster a circular economy in Nepal. "The lessons from this first round of funding are expected to inform future business cases for loan and blended finance models, encouraging wider industry participation and supporting long-term sustainable development across the country," read the statement. 

Published in The Rising Nepal daily on 19 July 2025.   

Government awards CIPs to 21 firms, 9 associations

Kathmandu, July 16

The government has honoured 30 commercial companies and organisations with the Commercially Important Person (CIP) awards.

At a programme organised by the Ministry of Industry, Commerce and Supplies (MoICS) in collaboration with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Minister for Industry, Commerce and Supplies Damodar Bhandari conferred the CIP honours on Wednesday.

Among the recipients, 21 are business firms and companies and nine are the representative organisations from the private sector.

From representative organisations, FNCCI President Chandra Prasad Dhakal, President of the Nepal Chamber of Commerce (NCC) Kamlesh Kumar Agrawal, and former President of the Confederation of Nepalese Industries (CNI) Rajesh Kumar Agrawal were presented with honorary CIP recognition.

These honours were conferred in recognition of their notable contributions to the promotion of exports and the commercial sector, thus supporting national economic development.

Similarly, presidents of the Federation of Handicraft Associations of Nepal (FHAN) and the Federation of Export Entrepreneurs of Nepal (FEEN) were also presented honorary CIP status.

In addition, commodity-specific organisations such as the Nepal Chhurpi Entrepreneurs’ Association, Jhapa; Nepal Carpet Manufacturers and Exporters Association; Nepal Readymade Garment Industry Association; and Nepal Woollen Felt Producers and Exporters Association were honoured. These organisations were recognised on the basis of exporting goods worth more than Rs. 5 billion to third countries during fiscal years 2022/23 and 2023/24.

 

Top exporters recognised

Furthermore, one entrepreneur each from the top five export commodities to third countries were also awarded the CIP title. These include Third Eye International for woollen carpets, Nepal Fashion Pvt. Ltd. for garments, National Exporters Pvt. Ltd. for felt products, Manram Himalayan Handicrafts Pvt. Ltd. for Chhurpi, and Tricot Industries for pashmina products.

Based on export volumes to India, Dabur Nepal Pvt. Ltd., Aarti Strips, and Reliance Spinning Mills Ltd. received CIP awards. From China-bound exports, Chhomen Traders, Finjo Sonam Enterprises, and Astamangal Kathmandu were honoured.

Likewise, Gift Land Enterprises Pvt. Ltd. was awarded for being the highest earner of foreign currency through exports of handicraft goods that reflect Nepal’s indigenous skills, arts, and culture.

From high-priority potential exports, Nepal Everest Cardamom Production, Jhapa, and AB Herbal Traders and Suppliers, Darchula, were honoured in the categories of agricultural and herbal product exports, respectively. In the category of women exporters, Janakpur Refineries, Kathmandu, received the award for highest export volume.

Industries and companies that exported more than Rs. 1 billion to third countries over the past two fiscal years, including The Shangrila Carpet and Handicraft, Everest Fashion, Triveni Spinning Mills Ltd., and Mindful Craft Pvt. Ltd. (as a startup), were also recognised with CIP status.

IME Limited was honoured as the company bringing in the highest foreign currency through remittance transactions via the banking system, and Everest Hospitality Hotel Limited received the award in the tourism sector for earning the highest amount of foreign currency.

 

Govt to strengthen cooperation with private sector

Speaking on the occasion, Minister Bhandari said that the government would further strengthen cooperation with the private sector for the country’s prosperity. He said that the CIP honour would boost the morale of industrialists and entrepreneurs and play a more effective role in export promotion.

"Unless the private sector is empowered, economic growth and prosperity are not possible. Therefore, we want to move forward in partnership with the private sector," he stated.

He emphasised that as Nepal is set to graduate from the LDC category in 2026, the government and private sector must together formulate a strategy for the future.

Likewise, FNCCI President Dhakal said that Nepal’s exports could reach up to Rs. 1 trillion annually. He believed that with proper efforts, foreign direct investment could be increased to 10 per cent of the Gross Domestic Product within a few years. Currently, it is just 0.2 per cent.

According to him, the CIP recognition would encourage entrepreneurs to engage in dignified business and highlighted that internationally, individuals who receive such honours are held in high regard by the government and society. 

Published in The Rising Nepal daily on 17 July 2025.   

Campa soft drinks enters Nepali market

Kathmandu, July 15

Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods subsidiary of Reliance Industries Ltd., has launched its Campa soft drink brand in Nepal through a partnership with Chaudhary Group (CG).

This marks RCPL’s entry into the Nepali market and expands its international operations, CG said in a statement.

RCPL acquired the Campa brand in 2022 and reintroduced it to the Indian market in 2023. Since then, Campa has re-established its presence in the Indian soft drink sector and is currently a sponsor of the Indian Premier League (IPL).

Ketan Mody, Executive Director of RCPL, said that the company aims to invest in the region with a focus on long-term growth. Nirvana Chaudhary, Managing Director of CG, said the collaboration with RCPL will expand CG’s beverage portfolio and enhance distribution in Nepal.

The Campa product line in Nepal will include Campa Cola, Campa Lemon, Campa Orange, Campa Energy Gold Boost and Campa Energy Berry Kick. CG will oversee local manufacturing and distribution.

Retail prices in Nepal are set at Rs. 30 for 250ml bottles of Campa Cola, Lemon, and Orange, and Rs. 40 for Campa Energy Berry Kick 250ml PET bottles.

Published in The Rising Nepal daily on 16 July 2025.   

Avsar Fund to invest Rs. 380 million in MIL

Kathmandu, July 15 

Mangalam Industries Limited (MIL) has secured an investment of approximately Rs. 380 million from Avasar Equity Diversified Fund, a leading private equity fund committed to backing high-growth enterprises in Nepal.

Issuing a press statement on Tuesday, MIL said that this strategic investment marked a significant milestone in the growth journey and reflected strong investor confidence in the company’s vision, capabilities, and long-term potential.

"The infusion of capital is believed to empower MIL to strengthen operations, enhance product innovation, and expand its market presence across Nepal and beyond," read the statement.  

According to the company, the Investment will primarily be utilised to strengthen the balance sheet of the company, improve operational efficiencies, and further its commitment to sustainability and excellence, reads the press release.

“We are delighted to welcome Avasar as a strategic partner in our journey of transformation,” says Abhinav Churiwal, CEO of MIL.

He further said that this partnership reaffirms Mangalam Industries’ commitment to delivering long-term value while creating a positive impact in the communities it serves.

MIL is a leading manufacturing company in Nepal producing CPVC pipes and fittings and the only exporter of a complete range of CPVC products from the country.

Its product portfolio includes solutions for plumbing, drainage, sewage and rainwater management, water supply, electrical conduit systems, and borewell applications.

Avasar Equity Diversified Fund is Nepal’s first domestic Private Equity Fund registered with the Securities Board of Nepal under the Specialised Investment Fund Regulation, 2019.

Published in The Rising Nepal daily on 16 July 2025.   

FNCCI calls for monetary policy to boost private sector, revitalise economy

Kathmandu, July 8

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has emphasised the need for policy reforms to address the prevailing economic slowdown, risks in the financial sector, and the large share of the informal economy.

The aim is to revitalise the recovering economy, boost private sector confidence, and address risks related to anti-money laundering compliance, it said in its recommendations to Nepal Rastra Bank (NRB) for the Monetary Policy for Fiscal Year 2025/26.

Stating that poor governance and lack of infrastructure have hindered the effectiveness of policy reforms, the FNCCI called for a monetary strategy targeted towards infrastructure development.

A FNCCI delegation led by Acting President Anjan Shrestha, submitted these suggestions to NRB Governor Biswo Nath Poudel on Tuesday.

The federation urged the inclusion of concrete programmes to implement the credit restructuring and rescheduling provisions outlined in the budget for the FY 2025/26, to ensure the facility is accessible to small, medium, and large businesses alike. It further recommended clear and effective implementation of additional working capital provisions and interest penalties waivers.

FNCCI also stressed the need to facilitate easy access to working capital loans for productive sectors, tourism, construction, and housing development companies. It recommended that banks and borrowers be given the authority to decide on working capital loans based on nature of business.

Likewise, citing the decline of the industrial sector’s share in GDP to 12.4 per cent, it proposed that interest rates for industrial loans should be 1–2 per cent lower than that for trade.

Regarding Nepal's upcoming graduation from LDC status in 2026, FNCCI proposed concessional financing policies to sustain the competitiveness of micro, cottage, small, and women-led export-oriented enterprises. It also suggested linking women entrepreneurship loans to production and managing interest subsidies, as well as capping premium rates at 2 per cent for loans up to Rs. 50 million.

Furthermore, FNCCI called for flexibility in the watchlist provisions, and to attract Gen Z into entrepreneurship, it recommended facilitating business registration via the Nagarik App and offering project loans of up to Rs. 10 million. It also urged the implementation of FNCCI’s feasibility study in this regard.

Similarly, it proposed concessional loans for families of migrant workers who send remittances formally while still abroad. It recommended revising the current targeted lending policy to prioritise productive industries, tourism, and infrastructure, and called for the establishment of an asset management company in response to the growing volume of non-performing assets in banks and financial institutions.

Highlighting the prohibition on domestic remittances via remittance companies, FNCCI noted that this policy adversely affects low-income groups, students, informal workers, and those without access to bank accounts or smartphones, especially in remote areas. It recommended allowing internal transfers of up to Rs. 100,000 through remittance companies based on valid ID, equivalent to international cash payouts.

Additional recommendations include increasing the housing loan limit from Rs. 20 million to Rs. 30 million, linking KYC requirements to the National Identity Card to enable electronic access by relevant agencies, and implementing free interoperability for QR payments.

Regarding foreign investments, FNCCI suggested effective implementation of the budget provision allowing Nepali businesses to open sales branches or processing plants abroad and to invest up to 25 per cent of total exports. It also proposed that the monetary policy clarify the provision allowing Nepali citizens to receive sweat equity shares in return for providing technology or specialised services to foreign companies.

Published in The Rising Nepal daily on 9 July 2025.   

IME Group begins fibre cement board production

Kathmandu, June 25

Everest Fibre Cement Board Industry, the first of its kind in Nepal to produce international-quality fibre cement boards, has officially started production.

The industry, established under the IME Group with an investment of Rs. 1.5 billion, was inaugurated by Minister for Industry, Commerce and Supplies, Damodar Bhandari, at an event in Kathmandu on Wednesday.

Speaking at the event, Minister Bhandari highlighted the importance of establishing a high-quality, environmentally friendly, and technologically advanced industry within Nepal, calling it a significant step towards the country’s industrial development.

He emphasised that such industries not only reduce reliance on imports but also steer the construction sector toward sustainable growth, and added that the government will continue to support production-based investment.

Chairman of the IME Group and President of the Federation of Nepalese Chambers of Commerce and Industry, Chandra Prasad Dhakal, said that the new facility uses domestic raw materials and local resources and is aiming to contribute to the construction sector.

"The industry would generate employment, save foreign currency through import substitution, and help build a more self-reliant economy," he said while adding that the industry demonstrates Nepal’s ability to produce world-class building materials using local skills and resources.

Located in Fatuwa Bijaypur Municipality–6 of Rautahat district, the automated production plant manages the entire process - from mixing raw materials to cutting, pressing, and drying.

The industry has a daily production capacity of 75,000 square feet of fibre cement boards, available in sizes of 4 foot by 8 foot, and thickness ranging from 4mm to 30mm.

"The boards are flexible, fire-resistant, weatherproof, eco-friendly, and highly durable. Their applications include external cladding, partitions, false ceilings, modular kitchens, eco-panels, and even complete structural construction—offering an alternative to bricks and plaster that can be completed within 10–15 days," the company said.

According to it, such features have led to rising demand, both domestically and internationally.

The boards also serve as an efficient, cost-effective solution for building emergency shelters in the event of natural disasters such as earthquakes, floods, or landslides. "With no need for plaster or paint, the product significantly reduces time and cost," said Managing Director of the company, Pradip Pandit.

The industry places strong emphasis on local employment, currently engaging around 200 people—over 98 per cent of whom are from the local community, and more than 40 per cent are women.

They are involved in all processes from production to packaging.

Published in The Rising Nepal daily on 26 June 2025. 

Potato processing industry runs with Rs. 2 billion investment

Kathmandu, June 21

First Choice Foods Pvt. Ltd. has established a European-technology-based modern potato processing industry in Siddharthanagar Rural Municipality of Rupandehi District.

The Rs. 2 billion facility spans approximately five bighas with a 60,000 square foot industrial building, Executive Chairman of the company Krishna Prasad Poudel informed at a programme organised to launch the product of the company in Lalitpur on Thursday evening.

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel launched the products of the company. He expressed hopes that the products of the company would find their ways to the international market.

"It's a matter of happiness that the industry is supporting farmers and investing in agricultural research," said DPM Paudel.

The company produces world-class frozen potato products, including French fries, and has plans for potato tikki, burger patties, smileys, and hash brown potato wedges.

"First Choice Foods has obtained BRCGS international quality production certification, a standard in food safety and quality. The company is registered with the US FDA and is exporting to the Indian market," said Poudel.

The company also has plans for export to the United States, Dubai, Malaysia, and Saudi Arabia are in preparation.

Over the past five years, First Choice Foods has invested in research for processing-grade potatoes in the Tarai, hilly, and Himalayan regions. This year, the industry purchased approximately 2,000 metric tonnes of potatoes from farmers. The company is currently producing potatoes through thousands of farmers in 19 districts, including Kailali, Nawalpur, Sindhuli, and Kavrepalanchok.

First Choice Foods has received approval from the government for potato research and development and seed potato production.

According to Poudel, the company's team includes potato crop specialists, food scientists, potato disease experts, engineers, and chartered accountants.

The company aims to connect Nepali farmers to the market, balance agriculture and technology in Nepal, and establish 'Made in Nepal' as a respected global brand. First Choice Foods has initiated training for technical personnel in Frozen Potato Processing in Nepal.

However, the company faces challenges from low-quality imports, market perception of Nepali products, and illegal French fry imports, as well as policy-related issues.

It intends to provide Nepali consumers with healthy, safe, and internationally standardised potato products. The company markets its products under the "Himalayan Crisp and Hamro Fries" brands.

The company's products are distributed in major cities such as Kathmandu, Pokhara, Chitwan, Butwal, Itahari, Dang, and Nepalgunj through five distributors, 12 chain restaurants, 150 suppliers, over 400 restaurants, and 171 modern marts.

In the international market, Pal Frozen Group in Uttarakhand, India, is distributing First Choice Foods' French fries. 

Published in The Rising Nepal daily on 22 June 2025. 

Nepal’s duty-free access to US at risk, exporters urge action

Kathmandu, June 11

Nepal's exports to the USA that enjoyed zero-tariff facility until now will face at least 10 per cent duties following the latter's new policy to hike tariff. But it has not yet responded to the USA's recent policy to negotiate the tariff rates, primarily on the basis of reciprocity.

However, producers and exporters are seeking government's pro-active role in it.

About 70 countries have shown their willingness to talk with the White House to negotiate the tariff rates. Following his entry to the White House, US President Donald Trump has pushed a policy for reciprocal tariff with its trade partners regardless of the size of their economy.

If the new tariff policies are fully implemented, Nepal's zero-duty products like carpets, dog/cat food, shawls, essential oils and antiques will face at least 10 per cent duty.

Exporters of carpet, one of the top exports of Nepal to the USA, are particularly worried as they have been sending their products without any tariff but if the new policies are implemented by the US, they will face at least 10 per cent duties in export.

Speaking at an interaction on 'Nepal-US trade: Opportunities and challenges' jointly organised by Garment Association of Nepal (GAN), Nepal-USA Chamber of Commerce and Industry (NUSACCI), and Nepal Carpet Manufacturers and Exporters' Association (NCMEA) in Kathmandu on Wednesday, the exporters sought government interventions in moving forward with negotiations with the USA – Nepal's second largest goods export market.

This 10 per cent duty would be felt as 30 per cent for duties for China as Nepal's cost of production is significantly high which makes Nepali products less competitive in the international markets.

Nepal's trade with the USA was in deficit from 2019 to 2022 and witnessed surplus in 2023.

 

Reliable trade partner

Nepal's exports to the USA have been stable. In 10 months of the current Fiscal Year 2024/25 (by mid-May), Nepal exported goods worth Rs. 14.43 billion and imported merchandise worth Rs. 22.31 billion. The USA is the second largest export market for Nepal while it’s the sixth largest source for imports which makes it a market of advantage.

In the last FY 2023/24, Nepal exported goods worth Rs. 17.31 billion and imported goods of Rs. 19.48 billion.

The Nepal Trade Preference Programme (NTPP) – that allowed the zero-duty entry of 77 Nepali goods to the USA – is a sympathetic bill that could have massively contributed to the development of business and industries in Nepal but the country largely failed to benefit from it. Entrepreneurs said that it’s a failure on Nepal's part.

The USA has also sought above 60 per cent value addition to export goods to the former. But Nepal's handicraft and products like dog-chew have enough value addition to be eligible for the export.

 

Trade of preference

Dr. Paras Kharel, an economist, said that Nepal's growing export to the USA is identical to garments export – it went up when garment export increased and dropped when its export decreased.

According to him, in 2022, only about 2 per cent goods from Nepal reached the US beyond the preferential categories like NTPP, LDC, Generalised System of Preference (GSP), Most Favoured Nation (MFN) Zero and MFN Positive.

Pashupati Dev Pandey, President of GAN, stressed on pro-active approach both on the part of the private sector and government to sustain the export of Nepali goods.

President of Federation of Exporters Entrepreneurs of Nepal (FEEN) Govinda Ghimire suggested to create a collective trademark of Nepali garment products to create an identity of the country and products.

Participation in the trade fair in the USA and business to business meetings should be promoted and the government should support the entrepreneurs in such activities. "However, reducing cost of production and enhancing quality should be our focus," said Birendra Pandey, vice-president of the Confederation of Nepalese Industries (CNI).

Kiran Sakha, President of NUSACCI, said that the entrepreneurs must be clear about the rationale behind every demand that we put to the government of Nepal as well as that of the USA. "Especially in the wake of the tariff-row between the USA and its large trade partners like the China, Canada and USA, we must rationalise out demand of seeking zero-tariff entry of made in Nepal goods," he said.  

Dr. Yuba Raj Khatiwada, Economic Advisor to the Prime Minister and former Finance Minister, said that Nepal needs to argue that its bilateral trade relations should be non-reciprocal as the country is graduating to a 'developing country' from the Least Developed Country (LDC).

"We need to convince the USA as well as other large trade partners/economies about Nepal's situation and need for favourable treatment to our goods," he said.

 

'Promote economic diplomacy'

Minister for Industry, Commerce and Supplies, Damodar Bhandari said Nepal should boost activities at the front of economic diplomacy, trade and investment promotion, and market identification for Nepali products.

"Promotion of the export of Nepali goods would create multiple opportunities in several sectors. The government has expressed its intentions to promote industries that export goods or substitute imports," he said.

Dr. Prakash Shrestha, Member of the National Planning Commission (NPC), said that Nepal needs long-term vision and plan to promote export trade. "All stakeholders should sit together and design their part of actions in the strategy. I see lapses on the part of the government in enhancing the capacity of the producers and exporters," he said. 

Published in The Rising Nepal daily on 12 June 2025. 

Entrepreneurs stress promotion of CSIs

Kathmandu, June 8

Stakeholders in the Cottage and Small Industries (CSIs) have stressed the need for promoting micro, cottage, and small industries.

They made these remarks during the 35^th anniversary celebration organised at the secretariat of the Federation of Nepalese Cottage and Small Industries (FNCSI) in Kathmandu on Sunday.

The FNCSI is the umbrella organisation of micro, cottage, and small-scale entrepreneurs. The CSIs provide self-employment and local job opportunities to hundreds of thousands of citizens, as well as promote domestic production.

FNCSI President Umesh Prasad Singh said that micro, cottage, and small industries are a reflection of Nepal’s real economic structure and potential. He stated that it was impossible to envision a sustainable, inclusive, and self-reliant economy without such industries.

"With the right policy, financial, and technological support from the state, these industries possess the potential to make Nepal economically self-sufficient," said Singh.

He drew attention to the fact that these industries, which support import substitution and export promotion, also contribute to the economic development in the rural and remote areas. Since small industries can be established across villages, they also help reduce regional disparities.

According to Singh, such industries utilise local resources and skills, and empower women, youth, and marginalised communities. Compared to large industries, they require less investment, involve lower risk, and offer greater flexibility.

“In a country like Nepal, there are geographical, capital, and infrastructure constraints in operating large industries. Micro, cottage, and small industries can truly serve as the backbone of economic dynamism in our country,” he added.

He also emphasised the need for proper provisions in the future to ensure continuity to concessional loans and refinancing schemes, as the upcoming fiscal year’s budget appears silent on such support measures, which were provided in the past.

Former FNCSI President Shyam Giri said that while micro, cottage, and small industries are often referred to as the engine of the economy, this has not been evident in practice.

He said that the FNCSI was established to advocate for the rights and interests of micro, cottage, and small entrepreneurs and has evolved into a national umbrella organisation representing such enterprises in Nepal.

Published in The Rising Nepal daily on 9 June 2025. 

IBN moves forward on fertiliser plant, SEZ

Kathmandu, May 27

The Investment Board of Nepal (IBN) has decided to move forward by reviewing the final detailed feasibility study report concerning the establishment of a chemical fertiliser plant in Nepal.

The 63^rd meeting of the IBN, held at the Prime Minister's Office on Tuesday evening, decided to form a task force to review and reassess the report received from Germany’s DIAG Industries GmbH and to recommend appropriate options. The company had initiated the feasibility study following the Board's decision made in June 2020, according to a statement issued by the Prime Minister's Secretariat.

The meeting, chaired by Prime Minister KP Sharma Oli, also decided to process the proposal received regarding the detailed study, development, and operation-management of the Panchkhal Special Economic Zone (SEZ) Project through a competitive process in line with the Swiss Challenge model.

Furthermore, the board resolved to form a task force to study the Double Taxation Avoidance Agreements (DTAAs) and Bilateral Investment Promotion and Protection Agreements (BIPPAs) signed to date with various countries, and to present a report to the IBN regarding the possibility of entering into similar agreements with additional countries.

Likewise, a committee has been formed to assess the proposal related to the 'Deep Sea Bed Mining' project, examining its economic and technical aspects in line with relevant international laws, national policies, and legal provisions, and to present a report to the Board.

The meeting authorised the Board’s office to issue a survey licence for a green hydrogen project in Nepal, in line with the proposal received for the study and establishment of a related industry.

In a bid to expedite operations more efficient and effective, a decision was made to delegate some of the Board’s authorities to Chief Executive Officer Sushil Gyawali.

Additionally, the meeting recommended to the Government of Nepal the formation of a Project Review Task Force in accordance with the provisions of the Project Development Agreement for the under-construction Arun-III Hydropower Project. 

Published in The Rising Nepal daily on 28 May 2025. 

Kantipur Pharmaceuticals to issues shares for public

Kathmandu, May 27

Kantipur Pharmaceuticals Lab Limited is set to issue its Initial Public Offering (IPO).

It signed an agreement with Elite Capital Limited for the underwriting of the shares on Tuesday.

A formal agreement was signed between the capital and the company for the same. The agreement was signed by Navaraj Paudel, Managing Director of Kantipur Pharmaceuticals, and Dinesh Acharya, Executive Chairman of Elite Capital.

Elite has underwritten 1.7 million ordinary shares worth Rs. 170 million. Kantipur has a paid-up capital of Rs. 630 million.

Kantipur Pharmaceuticals has submitted an application to the Securities Board of Nepal (SEBON) – the capital market regulator, to issue the IPO. Muktinath Capital is acting as the issue manager.

The shares will be issued at a face value of Rs. 100 per unit.

Established in 2018, the company is engaged in research, production, and distribution of veterinary medicines and nutritional supplements for animals and birds.

Currently, the company has received production approval for 61 pharmaceutical products from the Department of Drug Administration. Among them, 13 products have obtained marketing authorisation and are currently being sold in the Nepali market.

The company said that the process is ongoing to obtain marketing authorisation for the remaining products. Additionally, the company is also producing and distributing 21 other nutritional supplements.

Published in The Rising Nepal daily on 28 May 2025. 

GAN, Solidaridad Asia sign MoU to sustain garment sector in Nepal

Kathmandu, May 27

As Nepal is seeking to diversify its exports, move up the value chain, and secure better market access while it is set to graduate from the Least Developed Country (LDC) status and is in need to comply with EU’s Corporate Sustainable Due Diligence Directive and other international frameworks, the Garment Association of Nepal (GAN) has launched an initiative to promote sustainability in the sector in partnership with Solidaridad Asia.

The two organisations have expressed their commitments to jointly launch initiatives in the circular economy, particularly focusing on decarbonisation within the Textile and Readymade Garments (RMG) Industry, optimising water usage, and reducing chemical reliance.

With the same objectives, a workshop on 'promoting sustainability in Nepal's textile and readymade garments sector' was organised jointly by Solidaridad Asia and GAN in Kathmandu on Tuesday.

President of GAN, Pashupati Dev Pandey, said that Nepali garment products need greater advocacy and positioning at the national and international markets.

"We also need to diversify our production and exports both to maintain sustainability in the industry in the long-run," he said.

"By focusing on capacity building, compliance support, access to technology, and knowledge sharing, this partnership will help bridge existing gaps and empower our industry to thrive in an increasingly competitive and sustainability-driven global market," he added.

Stating that Nepali producers believe in their natural strengths in ethical manufacturing, handicraft skills, natural materials, and environmental stewardship which position them to excel and remain competitive, Pandey said that Nepal's garment industry should not only adapt to rapidly evolving global apparel landscape but also lead.

The GAN and Solidaridad Asia had signed a Memorandum of Understanding (MoU) in December last year to collaborate in the sustainability initiatives of Nepali garment sector.

According to GAN, the MoU reflected their shared vision of transforming Nepal’s RMG sector to meet the emerging global due-diligence requirements, especially those laid out by the European Union and other key markets.

Shatadru Chattopadhayay, Managing Director of Solidaridad Asia, said that it is necessary for textile and RMG to reduce energy consumption, chemicals use in dyeing, and carbon emission.

Market landscape has changed significantly. Now the producers have to reduce the cost of production while keeping the quality aspects intact and pay attention to the conservation of environment, he said.

Speaking on the occasion, Vice-President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Hem Raj Dhakal, said that the government of Nepal and producers should concentrate on harnessing the benefits leveraged by the ongoing tariff war in the international markets.

Shahamin Zaman, chair of International Supervisory Board at the Solidaridad Network, said that the successful sustainability initiatives in Sri Lanka and Bangladesh can be replicated in Nepal to promote business growth and development.

According to her, the organisation has successfully helped in reducing the cost of production in those countries. Nepal needs to apply smart solutions in textile and RMG sector to cope up with the challenges that would be created with the country's graduation to the 'developing country' next year.

Chandi Prasad Dhakal, former president of the FNCCI and Vice-Chair of SAARC Chamber of Commerce in Nepal, stressed on greater resiliency in the garment sector. "I hope that this initiative will help to forge greater regional collaboration and create win-win situation for all of us," he said.

Nepal has 500 active textile industries including spinning, weaving, knitting, dyeing and finishing. More than 70-75 per cent of textile and garment trade happens between Nepal and India.

Prakash Jha, Technical Advisor to the GAN, said that Nepali producers should enhance their expertise in the production of traditional garment, and promote 'made in Nepal' products.

However, challenges like high logistics cost while importing and exporting goods including garment and textile products, and smuggling of finished goods are having negative impacts in the business. 

Published in The Rising Nepal daily on 28 May 2025. 

United Cements trains women in tailoring

Kathmandu, May 22

United Cements Limited, a cement manufacturing company under the KL Dugar Group, has successfully concluded a free three-month tailoring training programme in collaboration with Ward No. 9 of Dhunibeshi Municipality.

As part of its Corporate Social Responsibility (CSR) initiative, the company provided three months of basic and two months of advanced tailoring training to 42 local women with the goal of promoting self-reliance and economic empowerment.

"The training initiative exemplifies the company’s belief in uplifting local communities alongside its industrial growth," the company said in a statement on Thursday.

Speaking at the closing ceremony, General Manager of the company, Hari Kumar Upreti, said that the company prioritises social responsibility along with its business goals. He noted that such training programmes enhance women's confidence and open up new income-generating opportunities.

Likewise, Ward Chairperson Madhav Prasad Silwal said that the training had played a significant role in improving the participants’ livelihoods and promoting economic independence. 

Published in The Rising Nepal daily on 23 May 2025. 

NBSM prepares mandatory standards for pressed ceramic tiles

Kathmandu, May 4

In a move to ensure quality and protecting consumer interests, the Nepal Bureau of Standards and Metrology (NBSM) has prepared a draft of mandatory standards for ceramic tiles manufactured within the country using the pressing method.

The draft was officially published on the NBSM website on April 28 for public review, comments and suggestions. It outlines the essential characteristics that all first-quality (premium quality) pressed ceramic tiles for both floors and walls must meet.

The NBSM will accept the suggestions and critics on the draft for two months and will prepare the final draft including them. Then, the draft would be submitted to the Nepal Council for Standards (NCM), the governing body of the standards sector which is chaired by the Minister for Industry, Commerce and Supplies.

According to Anil Shakya, Director of the NBSM, it will go into implementation after the NCM's approval.

As per the proposed new regulations, 'first quality' tiles should be largely free from any surface or dimensional flaws that could negatively impact their appearance or how well they function. This means consumers can expect tiles to have a consistent look and size, making installation easier and the final result more aesthetically pleasing.

The standards address several fundamental aspects of tile quality. They specify acceptable sizes and dimensional tolerances. This ensures that tiles are uniform, reducing issues during installation such as uneven gaps or alignment problems.

Likewise, the regulations maintain that the visible face of the tile should be free from significant defects. Consumers can expect tiles to have a smooth or consistently textured surface, without unwanted blemishes or inconsistencies that could detract from the overall look of their walls or floors.

Furthermore, the new standards include mechanical requirements, which relate to the strength and durability of the tiles. According to experts, this is particularly important for floor tiles that need to endure foot traffic and furniture weight.

The proposed standards have also included the covering aspects such as water absorption. Tiles with low water absorption are generally more durable and less prone to damage in damp environments like bathrooms and kitchens.

Similarly, the standards have also set chemical requirements which ensure that the tiles are resistant to staining and damage from common household chemicals. This is crucial for maintaining the appearance of tiled surfaces over time, especially in areas prone to spills.

According to NBSM and tiles manufacturers, the new standards aim at elevating the overall quality of ceramic tiles available to Nepali consumers. By setting clear benchmarks, the NBSM intends to reduce the prevalence of substandard products in the market.

These standards are also expected to encourage local manufacturers to adhere to better production practices, fostering a more competitive and reliable domestic tile industry.

These new standards apply specifically to ceramic tiles manufactured using the pressing method and are designated as 'first quality' or 'premium quality' while tiles produced through other methods, such as extrusion, are not covered by them.

Likewise, the designation of tiles will also include details about whether they are glazed (GL) or unglazed (UGL), the nature of their finish (Polished - P, Semi-polished - SP, or Unpolished - UP), and the edge finish (Rectified - R or Un-rectified - UR), along with their size classification. 

Published in The Rising Nepal daily on 5 May 2025.

FNCCI awards business firms, honours individuals

Kathmandu, Apr. 10

On the occasion of its 59^th anniversary, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) recognised and honoured a number of organisations and individuals for their exceptional contributions in various sectors.

Among the district and municipal chambers, Panchthar, Parbat, and Chitwan Chambers of Commerce and Industry were honoured in Group A for their active role in promoting local entrepreneurship and business development. In recognition of its contribution to Corporate Social Responsibility, the Sindhuli Chamber of Commerce and Industry was also felicitated.

From the sectoral category, the Federation of Handicraft Associations of Nepal received a commendation award for its outstanding performance in promoting and preserving Nepal’s traditional craftsmanship. Likewise, Nepal-India Chamber of Commerce and Industry, from the bi-national chambers, was recognised for its efforts in enhancing cross-border trade and economic cooperation.

The Koshi Province Office of the FNCCI was honoured for demonstrating exceptional performance and coordination at the regional level.

Similarly, the FNCCI awarded several companies for the highest income tax contributions during fiscal year 2022/23.

Dabur Nepal was awarded for being top contributor in the goods export sector, Nabil Bank Ltd. as the highest tax contributor among banks, financial institutions, and insurance companies, and Taragaon Regency Hotel Ltd. as the leading contributor from the tourism sector.

Likewise, Bhatbhateni Supermarket and Departmental Store was awarded for being top taxpayer in goods trading, Bhote Koshi Power Company Pvt. Ltd. from the energy-based industries, City Express Money Transfer Pvt. Ltd. for its highest contribution to remittance and money transfer services, and Varun Beverages Nepal Pvt. Ltd. was honoured from the special industries.

Meanwhile, Director Surya Raj Paudel and Deputy Director Bidur Chandra Lamichhane were presented with Letters of Appreciation for completing 25 years of dedicated service to the FNCCI.

Published in The Rising Nepal daily on 11 April 2025.       

Reforms underway to increase investment: Minister Bhandari

Kathmandu, Mar. 30

Minister for Industry, Commerce, and Supplies, Damodar Bhandari, said that although the government has created a conducive environment for investment, there is still much work to be done.

Addressing the 16^th European Regional Conference of the Non-Resident Nepali Association (NRNA) in Malta, he cited India and China as examples, emphasising that political stability is essential for investment.

"The government's current priority is policy reform. Our laws are overly cumbersome, and therefore, significant adjustments are required. The ordinance was introduced precisely to address systemic issues," said Minister Bhandari, according a statement issued by the NRNA.

He maintained that with the implementation of the new amendments, no task should take more than seven days to be processed. If a task remains incomplete, an appropriate explanation must be provided.

Minister Bhandari further announced that individuals residing abroad will now be able to register businesses in Nepal remotely. Stressing the shift towards digitalisation, he stated that work will now be conducted online rather than through physical queues.

"He also assured the audience that he would relay their concerns to the Prime Minister and work towards resolving them," read the statement.

NRNA President Badri KC underscored that investment thresholds, whether minimum or maximum, should not be a matter of concern for investors.

"There are numerous Nepalis eager to invest in Nepal. However, when the government organises an investment summit, it often overlooks the NRNA. We have repeatedly called for the enactment of an NRNA-specific law, incorporating economic, social, and cultural rights," he said.

According to KC, no one understands foreign investment better than Non-Resident Nepalis. "To keep our future generations connected to Nepal, we must invest in our homeland. Yet, the government continues to frustrate us with bureaucratic hurdles instead of facilitating our citizenship rights," he said.

NRNA Vice President Rozina Pradhan Rai highlighted the increasing number of women migrating to Europe and stressed the importance of heightened awareness.

"In certain situations, women have been subjected to exploitation and undue pressure at their workplaces. This is why vigilance is crucial," she said.

Stating that mental health issues among women have been rising, she suggested that before coming to Europe, it is essential to thoroughly understand the nature of employment and the credibility of the employing company.

Secretary of the NRNA, Tika Gurung, noted the growing international demand for Nepali products such as dried Gundruk, millet flour, buckwheat, and handicrafts.

She emphasised that branding Nepali products for the global market requires collective effort.

Likewise, Santosh Bhattarai, a businessman based in Germany, criticised the complications involved in registering a business, particularly the mandatory provision of a national identity card. He said that until Nepalis living abroad are provided with a streamlined investment process, significant progress will remain elusive.

Rajeshwar Gyawali, Director General of the Department of Industry, acknowledged that the lengthy legislative process often leads to challenges. Nevertheless, the government is striving to facilitate investment for Non-Resident Nepalis, he said.

Himal Chandra Aryal, Under-Secretary of the Investment Board’s Legal Division, maintained that efforts are under way to establish a streamlined, single-window system for all investment-related procedures.

He urged stakeholders not to confine investment to a limited number of sectors.

"We have been exploring ways to attract investment beyond the usual hotel and hydropower industries. We are making efforts in areas such as cable cars and industrial parks," he stated.

Published in The Rising Nepal daily on 31 March 2025.