NRNA To Establish Rs 10 Billion ‘Emerging Nepal Fund’

December 6, 2020 | Investopaper

The Non-Resident Nepalese Association (NRNA) has announced the establishment of an ‘Emerging Nepal Fund’ worth Rs 10 billion. For this, the collective investment process of non-resident Nepalis has been taken forward. The organization has also selected legal advisors and consultants to implement this work expeditiously. The fund will invest in Nepal’s financial sector, hydropower, and reconstruction.

Emerging Nepal Fund has been announced as the second project of ‘Collective Investment’ started by NRN in 2012. The government of Nepal will invest 5 percent in the Rs 10 billion fund.

According to him, non-resident Nepalis who are willing to invest have also been invited to register the company in Nepal with a commitment of Rs 1.5 billion from the promoter share investors. The first priority for share investment will be given to non-resident Nepalis.

So far, the founding president, former president, advisor, working committee officials, and members of the Non-Resident Nepali Association have committed to invest Rs. 600 million in the Emerging Nepal Fund, as stated by Kumar Pant, President of NRN Global.


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One thought on “NRNA To Establish Rs 10 Billion ‘Emerging Nepal Fund’

  • December 14, 2020 at 9:06 pm

    iam intrested to invest please kindly let me know


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