Six agreements signed during Nepal Business Conclave 2014

Six agreements signed during Nepal Business Conclave 2014

Nepal Business Conclave 2014 concluded today on high note with the signing of six different agreements that could be instrumental in attracting more foreign investment in the country. The two-day conclave, jointly organised by the government and Federation of Nepalese Chambers of Commerce and Industry (FNCCI) – that witnessed a 35-member Malaysian delegation led by president of Perbadanan Putrajaya, a local authority which administrates the federal territory of Putrajaya, Aseh Che Mat, 33-member Chinese delegation led by Yunan Province governor Li Jiheng, and investors from the UK, India and Canada – also witnessed signing of an agreement to promote tourism between FNCCI president Suraj Vaidya and president of the China Chamber of Tourism Wang Ping. Likewise, Himalayan Builders and Engineers signed separate agreements with Malaysia’s Protasco Development Sdn Bhd, Kumpulan Ikram Sdn Bhd and Ikram Education Sdn Bhd aiming at extending cooperation in infrastructure, establishing an engineering laboratory in Nepal and extending cooperation in education sector. Protasco Bhd has in principle agreed to invest in Nepal's engineering, hotel and education sectors in partnership with a local private company, the Himalayan Builders. Protasco Group Independent non-executive director Datuk Mohd Ibrahim Mohd Nor and Himalayan Builders chairman Janak Dutta Khanal signed the MoU to jointly invest and work in establishing a high quality engineering testing lab and boutique hotel in the country. The lab and boutique hotel will be of international standard with about $100mil invested, said Khanal after signing the MoU that is expected to help Nepali students could be sent to Malaysia's Infrastructure University for higher studies in engineering fields. Though the site of engineering lab has not yet been fixed, the boutique hotel will be opened in Jhamsikhel. Similarly, the Centrino Global and China’s Tibet GdadangTourism Development also signed a letter of intent on developing JSB Financial Centre project. Likewise, Ankhu Hydropower and Malaysia’s MY Investment Group signed a letter of intent planning to develop hydropower plants. Meanwhile, the visiting former prime minister Mahathir paid courtesy call to the President Ram Baran Yadav.  
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