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Nepali import of medical equipment from China surges amid COVID-19


Nepali import of medical equipment from China surges amid COVID-19
Xinhua
14 May 2021, 03:05 GMT+10
KATHMANDU, May 13 (Xinhua) Driven by the COVID-19 epidemic, Nepal s import of medical equipment from China more than doubled during the first three quarters of the current 2020-21 fiscal year ending mid-July on a year-on-year basis, showed data released by the country s central bank.
According to figures released by the Nepal Rastra Bank on Wednesday, Nepal s purchase of medical equipment from China surged by 117 percent to 3.12 billion Nepali rupees (26 million U.S. dollars) against 1.43 billion Nepali rupees (12 million U.S. dollars) during the same period in the previous 2019-20 fiscal year. ....

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Nepali gov't decides to open agriculture sector for FDI with certain restrictions, official says - World News


2021-01-01 13:35:22 GMT2021-01-01 21:35:22(Beijing Time) Xinhua English
KATHMANDU, Jan. 1 (Xinhua) The Nepali government has decided to allow foreign direct investment (FDI) in the primary agriculture production with certain restrictions, an official of Nepal s Ministry of Industry, Commerce and Supply said.
Nepal s Foreign Investment and Technology Transfer Act 2019 has barred FDI in the areas of poultry farming, fisheries, bee-keeping, fruits, vegetables, oil seeds, pulse seeds, milk industry and other sectors of primary agro-production.
The cabinet in late December decided to open the currently banned sectors of primary agriculture production for foreign investments with condition that at least 75 percent of products produced by them should be exported, Narayan Prasad Regmi, spokesperson at the Nepal s Ministry of Industry, Commerce and Supply told Xinhua on Friday. ....

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