The Udaya Group Newsletter

 Providing you curated news and reviews of investing in Nepal. 

(March 2015)

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Over the last month...

Hello, this is Shikhar Bhattarai with The Udaya Group (TUG). Starting with this edition, I will be putting together a quick contextual summary of what has happened over the last month in regards to business and investments in the Himalayan nation of Nepal.

We have been seeing significant progress in the last 30 days or so with multiple investment proposals coming in from Chinese companies– the first one to the tune of US$ 1.5 Billion for West Seti Hydro project and the second one for US$ 300 Million for a cement processing plant. The other highlights include push by the Government of Nepal to unbundle Nepal Electricity Authority (NEA) – something that I have personally been vocal about for a long time (please listen to my interview with the Emerging Frontier titled “The Himalayan Hope”- also included in this newsletter under Earlier Post) and opening up of new sectors for foreign investments.  

We hope that this newsletter has been helpful to you in understanding the business and investment landscape of the quickly evolving frontier nation Nepal. Thank you for your continued interest and support. Please feel free to reach out to me directly if you think if we can be of assistance.

Shikhar

shikhar@fdianalytics.com

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China, Nepal jointly invest US$ 300 Million on cement project in Nepal

China, Nepal jointly invest US$ 300 Million on cement project in Nepal

KATHMANDU, March 17 (Xinhua) -- Two private companies from China and Nepal signed an agreement of joint venture investment worth 300 million U.S. dollars here on Tuesday for cement production in Nepal. The investment, one of biggest in Nepal's cement sector, has a 7:3 equity structure between Hongshi Holdings Limited of China and Nepal's Shiva Cement. "This project with advanced …

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China's CWE forwards $1.5b FDI proposal to Investment Board of Nepal

China's CWE forwards $1.5b FDI proposal to Investment Board of Nepal

KATHMANDU, MAR 08 - The development of the 750MW West Seti Hydropower Project has taken a step forward, with China’s CWE Investment Company forwarding a $1.5-billion foreign direct investment (FDI) proposal to Investment Board Nepal (IBN). CWE, a subsidiary of China Three Gorges Corporation (CTGC), had signed a Memorandum of Understanding (MoU) with IBN in August 2012. The latest proposal, …

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New sectors open for FDI in Nepal

New sectors open for FDI in Nepal

KATHMANDU, MAR 05 - Motions pictures, personal businesses such as hair salons, beauty parlours, tailoring, driver training providers, internal courier services and domestic food processing have been opened to foreign investment in the new Industrial Policy. The policy endorsed by the Cabinet last week has also opened catering services and rural tourism, except for certain tourism businesses, to foreign investment. …

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Unbundling of Nepal Electricity Authority (NEA) starts

Unbundling of Nepal Electricity Authority (NEA) starts

KATHMANDU, Feb 23: The government has started unbundling of the Nepal Electricity Authority (NEA) deeming that development of energy sector suffered while generation, transmission and distribution/sale of electricity were handled through a single body. The Energy Ministry has started process to form Grid Development Company by separating transmission from the NEA in the first stage. The ministry has also started …

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92% FDI funded 65MW Kaligandaki Upper Hydro Project approved by Nepal’s Industrial Promotional Board

92% FDI funded 65MW Kaligandaki Upper Hydro Project approved by Nepal’s Industrial Promotional Board

KATHMANDU: The Nepal Industrial Promotion Board (IPB) has approved the development of hydropower projects in the county. The proposal to develop 92% FDI-funded 65MW Kaligandaki Upper hydro project has been approved by IPB chaired by Industry Minister Mahesh Basnet during a meeting, reports E Kantipur news agency. Additionally, IBP approved Excel Clean Hydropower Company to boost capital and capacity.China’s Sinohydro …

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Career Opportunity

The Udaya Group is hiring!

We are hiring...again! Position Title: Associate Position Type: 6 months initial contract with potential for extension Location: Kathmandu, Nepal About Us The Udaya Group (TUG) is a professional service firm that provides advisory, consultation and project development solution to global clients ranging from startups to larger organizations. We are looking to build our resource capability in Nepal. For more information …

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Earlier Posts

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The Himalayan Hope: Nepal

The Himalayan Hope: Nepal

Daniel Workman of the Emerging Frontiers recently interviewed Shikhar Bhattarai, Founder of The Udaya Group, on investment opportunities in Nepal. Please follow the link to Emerging Frontier's original page. http://www.emergingfrontiers.com/article/20293-the-himalayan-hope-nepal Click to listen to the interview.

Read more.

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Contact Us: 

If you would like to further understand the prospects, risks and "how-tos" of investing in Nepal, contact us at info@fdianalytics.com .

Click here to subscribe to or to read earlier versions of this newsletter.