Stories By 'MUKUL HUMAGAIN'
‘Investors make investment only when they see good returns. If we look at Nepal's history, foreign investors who've invested here have been getting good returns on their investments. This attraction will remain there if we back this process up with a sound legal and institutional regime.’
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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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As the government intensifies its preparation for another high-profile investment summit, key development partners have expressed concerns over the country’s investment climate, red tape, and lack of policy reform hindering businesses.
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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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