Canadian business delegation keen in invest in Nepal

Canadian business delegation keen in invest in Nepal

Canadian business people are keen on investing in Nepal. During the meeting with the finance minister DR Ram Sharan Mahat at his office here today, the visitor said that they are interested in investing invest in banking, energy, tourism and waste management sectors. Dr Mahat, on the occasion, told the guests that the government had announced tax exemption on large investments through the budget for the current fiscal year 2014-15. "The government has announced 100 per cent tax exemption for the first five years, 50 per cent for another three years on investment of at least Rs 1 billion in manufacturing sector and Rs 2 billion in tourism sector," he said, adding that the government is looking for foreign investment in agriculture, tourism, hydropower and infrastructure sectors. He also asked the investors to take advantage of Nepal's offer and its geopolitics. "Nepal is so close to the South Asian markets and also enjoys preferential treatment while exporting goods to developed countries,” finance minister told the delegation. Mahat also asked the Canadian business delegation to take part in bidding of Kathmandu-Tarai Fast Track Road. "The government is soon opening the bid," he added.
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