NEPAL > Japan based Saisan Co. is set to enter Nepali market through a joint venture with a local partner forming Gas One Nepal Pvt. Ltd

Saisan gas one logo  Saisan Co is a Japanese distributor of liquefied petroleum gas, commonly known as LPG. It is set enter Nepali gas market with a joint venture with a local partner creating Gas One Nepal Pvt. Ltd. This makes it the first foreign participant in Nepal’s growing LPG market besides firms from neighboring India. Nepal has a total of 58 firms providing More …

NEPAL > China based Risen Energy is set to construct first large PV station in Nepal

Risen logo Chinese A- share market- listed PV module manufacturer, Risen Energy is set to build- out of facility under an EPC (Engineering, procurement and construction) contract in Nuwakot, Nepal on April 27. The general contractor for the 25MW solar PV power station, Risen Energy efforts is in compliance with the Chinese government’s One Belt, One Road initiative by exporting products, brands More …

NEPAL > People’s Hydro Limited is set to bring Rs 9 billion ($86.76 million) FDI from China for hydropower development project

CWTW logo For the development of hydropower project in Nepal, People’s Hydro Limited is set to bring Rs 9 billion ($86.76 million) to Nepal as FDI. The company said that FDI from China’s Chongqing Water Turbine Works (CWTW) would be brought in for the development of Khimti-II hydropower project of 48.80 megawatt in a news conference for the hydropower development, whose total More …

NEPAL > India based Tizig Pharma is set to invest Rs 351 million ($3.4 million) in cancer drug plant in Bhaktapur, Nepal

Tizig Pharma Pvt. Ltd. is set to invest Rs 351 million ($3.4 million) in Nepal for cancer drug production plant. As the cancer patients have increased in recent years, the India based company is set to invest in Nepal. Venkatesham Ambati, an Indian citizen, is the sole investor of the project. According to Khagendra Basnet, Director of the Department of More …

NEPAL > World Bank and the Government of Nepal signed three financing agreements for $440 million to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training

World bank logo For the country’s post-earthquake housing reconstruction, livestock innovation, technical education and vocational training, the Government of Nepal and the World Bank have singed three financing agreements for $440 million. According to World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan: “These three agreements are important for Nepal because they boost job creation, including for many women, by investing More …

NEPAL > Chinese Hongshi Holding Group invests $ 251 million to open a cement factory in Nepal

hongshi logo photoshop Honshi Holding Group invests $ 251 million to form a joint venture with Nepali cement company Shivam Cement to establish a cement factory to produce 6,000 tons per day and will ultimately upgrade it to 12,000 tons per day. Jointly known as the Hongshi Shivam cement, the total investment will be $359 million and is expected to start operation within More …

NEPAL > IFC and FMO invests US$ 5.5 MM on Fairfield Marriott Hotel

MarriottInternational.svg The International Finance Corporation (IFC) and FMO (a Dutch development bank) together have invested $5.5 million to develop Fairfield Marriott in Thamel, at the heart of the city of Kathmandu. IFC and FMO will be splitting their investment ($2.75 million each) into the company called Nepal Hospitality and Hotel Pvt Ltd. which will be operating the three-star mid market hotel with More …

NEPAL > Marriott International to open four-star hotel in Nepal

MarriottInternational.svg USA based hospitality company Marriott International and MS Group to open four-star hotel in Kathmandu, Nepal with an investment of around $5.9Mn. MS Group has signed an agreement with a Marriott International to open, Fairfield by Marriott Kathmandu. The Thamel, Kathmandu based hotel will be 10-storey hotel with 108 rooms. Marriott will help MS Group with the management of the More …