With a capital of Rs. 10 billion, the NRN Nepal Development Fund was formed in Nepal to invest in infrastructure, efficient, and other sectors. The Government of Nepal will contribute Rs 500 million to the NRN Nepal Development Fund, which will have a share contribution of Rs 9.50 billion from non-resident Nepalis.
The Government of Nepal will invest 5% in the company to be formed by the Non-Resident Nepali Association, according to an agreement reached between the Government of Nepal and the Non-Resident Nepali Association at the Investment Conference in 2075 BS.
Bishnu Prasad Poudel, the Finance Minister, said Nepal was investment-friendly in every way and urged non-resident Nepalis to act as investment ambassadors.
The business will offer finance, corporate culture, good governance, and technology, according to Upendra Mahato, the founding president of the Non-Resident Nepali Association and the fund’s president.
The company’s main goal is to invest in Nepal’s enterprise, market, and transportation sectors, as well as infrastructure and other sectors. According to the Non-Resident Nepali Association, there is a proposal to issue primary shares to non-resident Nepalis soon.