Nepal Trade

Nepal Opens New Chapter in India Ties with Visakhapatnam Consulate and Landmark Tourism Agreement

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visakhapatnam vizag beach road

Nepal is set to establish a consulate in Visakhapatnam, marking a significant move to bolster trade, tourism, and cultural ties with India. This strategic initiative reflects Nepal’s growing focus on enhancing regional collaboration and fostering closer relationships with Indian states. The establishment of the consulate coincides with the signing of a landmark Memorandum of Understanding … Read more

Nepal Invites Foreign Investment with Enhanced Policies and Opportunities

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Minister Bhandari at CII Partnership Summit 2024

Nepal’s Minister for Industry, Commerce, and Supplies, Damodar Bhandari, has announced that foreign investors can now apply for investments of up to Rs 500 million in Nepal from abroad. Speaking at the 29th Partnership Summit, held in New Delhi, India, Bhandari emphasized that Nepal has introduced an automated online platform for pre-approval of foreign investment … Read more

Export Trade Rebounds Since Mid-October

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Cargo containers in a port

Nepal’s export trade, which had faced continuous declines during the first three months of the current fiscal year, showed signs of recovery in the fourth month. According to the Department of Customs, exports increased by 4.16% to reach Rs. 52.67 billion during the first four months of the fiscal year 2024/25 (mid-July to mid-November). This … Read more