Nepal needs Rs 400-bn annual investment: CNI

Kathmandu: Nepal needs Rs 400 billion investment every year to achieve the double digit growth continuously for another decade.

“At present, the investment stands at Rs 176 billion, including the private sector,” Binod Chaudhary, president of Confederation of Nepalese Industries (CNI) and the Constituent Assembly (CA) member, said adding that the increase in investment and vision, both is need of the hour.

“Nepal has a huge potential,” Tek Chandra Pokharel, senior entrepreneur, said adding that except hydropower, we also have various sectors like mines and minerals, and commercialisation of agriculture that could help generate employment and develop the country.