Non-Resident Nepali Association (NRNA) has registered the NRN Investment Ltd to promote investment in the country.

“NRN Investment Ltd has been registered in Kathmandu under the Company Act 2063,” said NRNA president and chair of taskforce — formed to promote investment in Nepal under a collective investment programme — Jiba Lamichhane at the sixth meeting of the taskforce.

“It has also opened accounts in three commercial banks for funds transfer,” he said, welcoming all the participants to deposit the fund by November 30. The collective investment programme has been delayed due to a delay in registering the company in Nepal.

There are nine founding members from International Executive Secretariat of NRNA in Promotion of Investment in Nepal taskforce. Members include Jiba Lamichhane (Russia), Rameshwar Shah (UAE), Tenzi Sherpa (South Korea), TB Karki (Qatar) and Bhaban Bhatta (Japan).

It also includes Shesh Ghale (Australia), Krishna Pandey (Hong Kong), Kumar Pant (Germany), and Mahesh Shrestha (Japan).

source: The Himalayan Times,9 Oct 2012