Kathmandu. The Non-Resident Nepali Association (NRNA) and the Federation of Nepalese Chambers of Commerce and Industry (CNI) have held discussions to attract investment from non-resident Nepalis in Nepal and strengthen Nepal’s global business presence.
MEMBERS of CNI Global Business and Diaspora Team Chandra Tandon and Manohar Dahal were also present in the meeting between NRNA ICC President Mahesh Kumar Shrestha and CNI Vice President Nirvana Chaudhary.
Both organizations have expressed mutual interest and priority in policy reform, joint investment promotion, and long-term cooperation with overseas Nepalis.
In the meeting, CNI presented the Performance Terms of Action (TOR) focused on promoting diaspora and global trade and apprised about the strategic initiatives needed to establish Nepal as an attractive investment destination. The action plan outlines creating an investment-friendly environment in coordination with diplomatic missions, economic council members and international chambers.
CNI Vice President Chaudhary proposed to collaborate with NRNA on policy dialogue, issue-based research, and key project identification. “Nepal’s banking and capital market system is getting stronger. The need now is to create concrete projects, clear policies, and a long-term investment-friendly environment. ”
NRNA President Mahesh Shrestha, while presenting the plan to set up ‘Remit Fund’, said that expatriate Nepalis and foreign employment seekers can send a fixed amount as investment on a monthly basis, which will create an opportunity to participate in big development projects. He also stressed the need for a separate policy framework for large investments and small group investments (crowd-funding).
President Shrestha informed that NRNA is going to organize ‘NRNA Investment Dialogue 2025’ in Kathmandu from October 11-12 and invited CNI to be the main partner of the program. On the occasion, the NRNA Investment Roadmap 2025-2030 will be unveiled and at least two major projects will be presented at the state level.
Building a digital investment platform connecting expatriate and domestic investors at the meeting; Issues such as project details, investment pitch, and web-based systems for business matching, organizing Policy Hackathon to identify policy reforms, and drafting a long-term cooperation framework (Nepal Diaspora Collaboration Charter) were discussed.
Both sides have also decided to hold monthly meetings to monitor and plan future courses of action.
NRNA President Shrestha said that the meeting decided the initial basis for serious cooperation between the two organizations. “This is just the beginning of the discussion. NrIs are ready to participate in the campaign to build a prosperous Nepal. Now we have to convert the plan into an opportunity while ensuring their involvement,” he said.
