There has been a growing allegation against AEC over the possible financial misappropriation.

So, the CIAA has notified the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the controlling body of AEC, to submit the invoices of the expenses made by the AEC and related documents.

Annually, the AEC receives around NPR 300 million from various government and donor agencies to run various projects in the country.

The Projects under AEC include:

• One Village One Product (OVOP) Program
• High Mountain Agri-business and Livelihood Improvement (HIMALI) Project
• Raising Income of Small and Medium Farmers Project
• Ginger Trade Competitiveness Project

The AEC has been charged with misappropriating a total of NPR 70 million in these projects. It was revealed that the AEC has been spending more than 60% on salaries and allowances of the concerned officials against the allocated budget.

The present FNCCI President Bhawani Rana has also been accused of her involvement in the scam.

The irregularities came into limelight after the then FNCCI Treasurer Gyanendra Lal Pradhan in January 2019 made public about the scams and corruption in AEC. Subsequently, Gyanendra was forced to relieve from his post.

Stay Tuned to Nepali Sansar for Latest News Headlines from Nepal!

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Government made this statement condemning the sector’s remarks on government’s efforts in creating an investor-friendly environment in Nepal.

Speaking at a program held to mark the Industry Day on November 25, 2018, the Minister for Industry, Commerce and Supplies Matrika Yadav urged the sector to come up for a discussion in this regard to shed light on key issues.

Yadav confirmed that the government stands committed to bringing in a favorable environment to sell the country’s own products rather than promoting others.

In this regard, he extended government’s openness to work with the private sector and also his ministry’s willingness to collaborate with any other ministry to address challenges in the local industrial development.

Secretaries at the Commerce Ministry, Chandra Kumar Ghimire and Yam Kumari Khatiwada called for development of collective initiatives to safeguard the Nepali economy and highlighted industry’s role in achieving overall development of the country.

On the occasion, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Bhawani Rana stated that that the country could draw foreign investment only after formulation of relevant favorable policies.

Chairman of Confederation of Nepalese Industries Hari Bhakta Sharma pointed at the lack of any conducive environment to establish new industries.

Former president of FNCCI Pashupati Murarka and other industrialists including Sumit Kediya and Krishna Adhikari stressed on the need to bring in relevant policies in line with the current needs.

Director General of the Department of Industries Binod Prakash Singh briefed the session about the current status of Nepali industries.

Also Read :

• Biratnagar – Industrial Capital of Nepal
• Nepal Foresees Industrial Development Across Provinces with IEDI

The post Govt. Welcomes Private Sector for Industrial Development appeared first on Nepali Sansar.

In an encouraging move, the government honored the country’s highest taxpayers including top companies in 15 different categories, at a program held by the Inland Revenue Department.

Officials feel that the move will promote tax-paying culture in Nepal.

Nepal-based MNC Surya Nepal emerged as the highest taxpayer even this time, leaving its mark for the third time in tax-paying to the Nepal Government.

Siddhartha Shumsher grabbed the recognition in the ‘individual category’ as the top taxpayer, continuing journey as the ‘top taxpayer’ for the sixth consecutive year.

Dabur Nepal, Himal Power Ltd, Agriculture and Livestock Probiotic Industry, the Chhimek Cooperatives, Nabil Bank, Nepal Punarbeema (Re-Insurance) Company, Nobel Medical College, F1 Soft Information and Taragaon Regency Hotel are among others in the list.

Non-payment Tax Hindrance to Growth

Addressing the event, Finance Minister Yuba Raj Khatiwada urged every Nepali citizen to be liable for voluntary tax-payment depending on their level of income and ensure timely payments.

Stating that every lowest taxpayer is also a respectable tax-payer, the Minister said that the non-payment of taxes will hinder the country’s growth progress. In this regard, he also informed that the government is working towards manage taxation system alongside focusing on increasing the scope of taxation rather than tax rates.

Meanwhile, Finance Secretary Rajan Khanal also informed that the government’s efforts on tax reforms have received some benefits over the benefits.

The government has also recently set-up a tax consultation department to address public concerns about taxation.

What Industry Said?

Speaking on the occasion, industry bodies urged the government to ensure a business-friendly environment in the country.

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Bhawani Rana, Confederation of Nepalese Industries (CNI) chair Hari Bhakta Sharma and President of Nepal Chambers of Commerce Rajesh Kaji Shrestha were among key delegates present at the event.

They urged the government to ensure a conducive investment-friendly environment in the industrial sector and also facilitate the industry-friendly taxation system.

In this regard, the Nepali business community expressed their willingness to work with the government with regard to taxation and related payments.

Director General of the Inland Revenue Department Bishnu Prasad Nepal informed that the Department is working with government on economic and revenue mobilization policies.

We are also working on ways to raise awareness among tax-payers besides and have been providing needed concessions that encourage tax-payers.

Hope the constructive and collaborative efforts of the public-industry-government would drive the budget promises, driving the Nepali economy towards a structured growth.

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FNCCI President Bhawani Rana and Revenue Secretary Shishir Kumar Dhungana inaugurated the center on November 20, 2018. This unit will receive & address the business community’s tax-related complaints.

In case of inability to solve issues on its own, TTC will forward them to related government agencies including Inland Revenue Department and Nepal Finance Ministry.

“The unit will address complaints on its own or will forward them to the government agencies. This is our effort to make tax administration more practical, effective and friendly,” read FNCCI’s press statement post TTC’s inauguration.

Additionally, the center will offer all its services at ‘no cost’ and will have a lead legal advisor, charter accountants and other staff.

FNCCI Officiating Director General Gopal Prasad Tiwari informed that the government will soon recruit a tax officer for settling tax-related concerns.

“The unit is of great significance considering the worsening doing business environment on the country,” added Tiwari.

According to the World Bank’s Doing Business Report for 2019, Nepal slipped five points down to the 110^th rank compared to last year. Nepal’s time-consuming tax filing process was attributed to the low rank.

“There is a pressing need to ease the process of filing taxes,” said Rana at the inauguration ceremony while adding that the tax-process should be business friendly.

FNCCI Senior President Shekhar Golchha added that the Nepal business community has been suffering at the hands of contradictory legal provisions on tax matters.

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Nepal Federal Budget 2018-19 drew a mixed response from all sections of the society. While some called it ‘unrealistic’, some called it ‘development-friendly’ for the nation.

Let us look some of the responses to Nepal Federal Budget for the Fiscal Year 2018-19 pre and post release:

KP Sharma Oli, Prime Minister of Nepal, CPN-UML

The Prime Minister is very elated and encouraged at the Federal Budget for FY 2018-19 his government presented in the Nepal Parliament on May 29, 2018. In a response, he said the budget has come as a support to the slogan of ‘Prosperous Nepal, Happy Nepali’.

“The budget has been introduced keeping with practical measures. It would lay the foundation for prosperous Nepal,” he told the press. He said the tax net would be widened to meet the government’s revenue targets.

Sher Bahadur Deuba, Ex-Prime Minister of Nepal, Nepali Congress

Meanwhile, the prime opposition to the ruling Nepali Government and the ex-PM Sher Bahadur Deuba termed the budget as ‘difficult to implement’. He says tax burden would hamper the growth in productivity.

“Time has come for the government with two-thirds majority to walk the talk,” he adds.

Gagan Thapa, Law Maker, Nepali Congress

NC Lawmaker Thapa takes a neutral stand saying the budget has neither gone against the public expectations nor taken any risk.

The politician and lawmaker of the opposition Nepali Congress party Gagan Thapa says the budget has neither gone against the expectations of Nepali public nor took any risk in the process.

Nara Bahadur Thapa, Executive Director, Nepal Rastra Bank (NRB)

“The budget needs to introduce new programs to increase employment opportunities by promoting small and medium industries in particular,” Thapa said speaking at a pre-budget session.

According to him, the central bank opines that the budget would add to the country’s growth trajectory facilitating resource availability on a large scale, curtailing widening trade deficit, addressing concerns of tourism sector, among others.

Shekhar Golchha, Senior Vice-President, Federation of Nepalese Chambers of Commerce & Industry

“Reducing transit costs, developing infrastructure, retaining capable manpower in the country and reviewing the challenges that the country has been facing after joining the World Trade Organization are among other issues, which the government should address through the budget,” Golchha said at a pre-budget session.

Productive sector has been facing threat due to the inefficiency of bank and financial institutions. Hence, the government, through the fiscal budget, and central bank, through monetary policy, must address the problems faced by the industrial sector, he adds.

Govinda Nepal, Former Member, National Planning Commission (NPC)

Govinda wants the government to ensure required financial support and enhanced market access to the country’s agriculture sector, along with a needed boost for the country’s agriculture products to perform well in the international value-chain.

The government to ensure the country’s farming community has timely access to the required agricultural inputs such as fertilisers and seeds, he adds.

Rewat Bahadur Karki, Chairman, Securities Board of Nepal (SEBON)

According to Karki, the government should focus on capital markets to address the growing needs of resources to be invested in the country.

Stating that the government should come up with policies to boost Nepal’s capital markets, Karki said, “As the country has entered a federal system, the initiative could help ease the dearth of capital.”

Gyanendra Prasad Dhungana, President, Nepal Bankers’ Association

Gyanendra Prasad feels that there is a need to address asset-liability mismatch in the country’s financial sector when it comes to long-term funding.

He says, “the problem can be solved to a large extent if the government waives taxes on long-term financing.”

Rameshwore Khanal, Former Finance Secretary

Commenting on the budget, Khanal opined that the Finance Minister might have realized that the distributive and populist programmes similar to that launched by past governments would not add to the country’s prosperity.

Addressing that, the federal budget encouraged investment in the economy considering the factor that low investment’s role as a major constraint for economic growth, he adds.

Let’s hope the new budget will address the existing concerns and add to the nation’s prosperity!

Also Read: 

• Nepal Federal Budget FY 2018-19: Infrastructure Gets Major Push!
• Nepal Federal Budget FY 2019-20: Highlights & Announcements

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Under the theme ‘Showcasing Nepal & The Globe’, this five-day fair (March 8-12, 2018) is showcasing a wide variety of Information Technology, electronics, agriculture, textiles, handicrafts construction, energy and consumer goods products being presented by Nepali, Indian, Bangladeshi, Pakistani and Chinese manufacturers.

In total, the fair is hosting around 300 stalls including 15 each from India and Bangladesh, 22 from Pakistan and 74 stalls from China.

The Nepali Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is organizing this fair with the support from the Nepali Ministry of Industry, Commerce and Supplies, Nepal Trade and Export Promotion Centre (TEPC), Lalitpur Chamber of Commerce and Industry (LCCI) and the Federation of Handicraft Associations of Nepal.

For Foreign Investment and Private Sector

Inaugurating the fair on March 08, 2018, Prime Minister KP Sharma Oli expressed hope that this fair would promote Nepal’s investor-friendly environment on a global scale taking ahead the country’s policy for foreign investment.

“I believe that this fair will contribute to promote the country’s internal trade. The international expo should promote Nepali products at the international level and draw the attention of foreign investors towards Nepal, which holds immense investment potential,” said Oli.

On the occasion, PM also pitched for a strong collaboration between the government and private sectors for the overall development.

Meanwhile, Nepali Finance Minister Yubaraj Khatiwada said the Government of Nepal is keen on facilitating a favorable environment for the private sector and also termed foreign investment as key for employment generation and technology transfer.

“The government is not a competitor to the private sector. It will play a complementary role with businesses to accomplish the national target of reducing the trade deficit and achieving sustainable development.” says Khatiwada.

The Minister for Industry, Commerce and Supplies Matrika Yadav opined that this trade fair would add to the government’s economic objectives.

According to Dil Sundar Shrestha, Chairman of the Fair Organizing Committee at FNCCI, the fair is aimed at facilitating ways for B2B relationships further to attract joint investment in across potential areas.

The trade fair is expected to witness a total participation of 200,000 members.

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This eventually created a dire need for waste management, globally, and resulted in high demand for various waste management techniques to recycle the waste into different useful forms.

This is the trend we have been observing over the years across municipalities, corporations, cities, among others.

While some countries have already come up with innovative waste management solutions, some are underway in their efforts, and some have just begun.

Nepal stands no exception!

As a country with huge natural resource base, waste management and eco-friendly solutions mean a lot for Nepal.

Towards this end, Nepal has been undertaking various measures to tackle waste management to ensure a clean country for its citizens, and has also witnessed revenue generation across sectors from such initiatives.

Let’s take a deep dive into such instances that contributed to Tidy Nepal!

Clean-up Campaigns for a Cause

When it comes to Nepal, the country’s capital Kathmandu is most spoken about in terms of pollution and congestion.

 “Foreigners and also Nepalis living abroad are reluctant to come to Kathmandu as the city has become overly polluted. Anyone can fall sick if exposed to the dusty environment here just for a few days. The metropolis and the government should immediately come forward to resolve the issue of air pollution,” says Nepal’s renowned cardiac surgeon Dr Bhagwan Koirala.

Over the years, authorities and public have been working hand-in-hand to address the pollution and waste concerns in the Kathmandu Valley.

Here are some of the recent campaigns undertaken in Nepal:

Mega Campaigns: Very recently in the third week of February 2018, around 31 Metric Tons (MT) of solid waste has been extracted from the Valley as part of various clean-up campaigns including Bagmati Clean-up Mega Campaign, Guheshwari Bagmati-up Campaign, Rudramati Clean-up Campaign, Bishnumati Clean-up Campaign and Ring Road Clean-up Campaign.

Interestingly, people from all of walks of life including general public, Nepal Army, Nepal Police and various other government departments took part in the clean-up drives that have been underway since more than four years.

Swachchha Hawa: Hundreds of public including students, activists, environmentalists and health experts took part in another public campaign called ‘Swachchha Hawa’ that highlighted air quality concerns and demanded clean air in the Valley.

“We have gathered here voluntarily to mount pressure on the government. While the government does something to deal with air pollution, we should not forget our responsibility towards keeping environment safe and clean,” said campaign coordinator Dipak Raj Sapkota speaking on the sidelines of the ‘Swachchha Hawa’ campaign.

Nepali Environmentalist Bhushan Tuladhar says, “Such initiative has yielded positive results in the past. Nearly 15 years ago, when the public in Bhaktapur and Lalitpur rallied demanding action for controlling air pollution, the local authorities took certain measures which helped bring the air pollution levels down by up to 26 percent. We are demanding nothing but clean air to breathe.”

Our Waste Our Responsibility: Clean Up Nepal and Australian Embassy in Nepal jointly organized a nation-wide campaign across 31 districts of the country with the participation of around 24,000 Nepalis.

The campaign run under the slogan ‘our waste, our responsibility’ saw all sections of Nepali society including individuals belonging to different areas, communities and organizations, was aimed at cleaning of rivers, lakes, streets and public places.

This annual drive was part of the global-level ‘Clean Up the World’ campaign and involved 15,000 volunteers in 2013 and had mobilized over 100,000 people as of 2013 resulting in collection of 520,000 kilos of waste at 350 locations in 36 districts throughout Nepal.

Football for Garbage: Khotang’s Rupakot Majhuwagadhi Municipality Ward No 11 has come up with an innovative idea as part of its sanitation campaign. The Ward officials announced a football for the garbage collectors for every five kilogram of garbage collected, which drew huge attention among the local youth. “Football for garbage campaign will continue till the ward gets rid of all old garbage,” says the Ward Chairperson Ramchandra Rai.

Clean-up Mount Everest:

Leaving no stone unturned, mountaineering expedition organizers had also called for a campaign to clean-up the garbage on Mount Everest in March 2017.

As part of this activity, the organizers sent garbage-collection bags along with climbers to collect the trash on Mount Everest, which was collected back to the base camp through helicopters. Hundreds of climbers and their associated guides expressed their willingness for this expedition.

Success Stories: Dhankuta, A Model Village

According to the World Bank 2015 report, Nepal’s cities account to 7 lakh tons of waste annually, of which, 50 percent is collected and the remaining left as dumps.

Though the solid waste management can hold 50 percent of a municipality’s annual budget, most of them are hardly seeing any revenues through such services. 

Hold on! Dhankuta is an exception!

Setting a role model for the entire country, Nepal’s Dhankuta municipality emerged as Nepal’s cleanest city.

Dhankuta garnered the award in the annual contest put forth by the Government of Nepal’s Solid Waste Management Technical Support Center (SWMTC).

“We were not so particular about cleanliness up until about a decade ago. Like so many towns in the country, residents littered plastic everywhere. It choked our drains and was such an eye-sore,” says Lal Chandra Gongba Tamang, former President of the Dhankuta chapter of Federation of Nepalese Chamber of Commerce and Industries (FNCCI).

That was in 2009, the locals of Dhankuta felt the need to get away with the concerns the municipality is facing with the disposal of waste. Eventually, the locals installed a landfill in Salleri at across a large area of 30 ropanis at Rs 40 million budget.

This landfill assures the municipality handling of 10 tons of waste per day for around 25 years. Moving ahead with this encouragement, Dhankuta finally became ‘plastic-free’.

The municipality today has an efficient waste management system involving 16 sanitation workers focused on ensuring cleanliness across all wards of the municipality on a regular basis, among others.

The locals have gone ahead implementing effective recycling methodologies, wherein, households are well-trained in segregating biodegradable and non-biodegradable waste, and usually reutilize biodegradables as manure or cattle feed. This can eventually cut-down the waste produced in the municipality easing the landfill load.

End result, the municipality has a wonderful garden built on the top of the buried waste! Besides cleanliness, the municipality has also been generating huge revenues through its tidy policies.

Stunning right? Yes, the locals claim that the ‘matter of pride’. Not just for the locals, the municipality stands as an inspiration and a model village to thousands outside the municipality.

Call To Action:

You might also have come across such inspiring stories that inspired millions. So, what are you waiting for? Nepali Sansar welcomes yours contribution for such stunning stories. Come on, Contribute and Collaborate! at newsbureau@nepalisansar.com

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Addressing the 51^st Annual general meeting of Makawanpur Chamber of Commerce and Industry, she opined that the private sector would lead Nepal towards prosperity and development.

In this regard, she called on the entire Nepali business community and entrepreneurs to take charge of the economic prosperity of the country.

“The under-construction fast-track and Nijgadh Airport are major catalysts of development in the District. Makawanpur has a big scope of tourism development,” she added.

Here it is noteworthy that the Nepali private sector had, earlier in November 2017 announced its wish list for the new Nepali Government.

Private Sector Wish List

In its wish list to the next Nepali administration, the Nepali private sector community had sought fight against corruption, cut in bank interest rates, and the promotion of small and medium enterprises and quality tourism.

Top on priority of the wish-list was a clear road map to avoid double taxation for more private sector investment.

“The private sector is expecting a commitment from the political parties that they will urge the government to prioritize the economic agenda. Entrepreneurs seek a clear provision to avoid multiple taxation while paying taxes to the local, provincial and central governments under the new federal system,” Rana said in an economic dialogue organized to release the wish-list.

“There is a need to tap private sector investment by ensuring an investment-friendly environment,” left leader Khadga Prasad Oli said in a statement while promising removal of multiple taxation system if left forms the next Nepali government.

Fund Crunch, A Key Concern

Meanwhile, fund crunch in Nepal’s Rastra Bank (NRB) (over a period) is resulting in high interest rates for the Nepali private sector community.

According to NRB, the central bank has halted issuing loans because of the excessive money lending during the first five months of the current fiscal year that began in mid-July 2017.

Most of the banks have already reached the 80 percent loan-lending limits and are charging high interests for the new loans to manage the resources, particularly to the institutional depositors.

This move by the central bank is creating a concern for the country’s industrialists.

“Due to dramatic rise in interest rate, the production costs of industries is set to rise which will put Nepali products into competitive disadvantage against imported goods,” the Confederation of Nepalese Industries (CNI), an apex body representing medium and large sized industries in Nepal said in a statement.

According to CNI, unpredictability of interest rates will also hurt the private sector investment.

“The excessive lending of banks and the government’s failure to spend its budget well so far are mainly responsible for current liquidity crunch,” says NRB Spokesperson Narayan Prasad Paudel.

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Nepal has drawn a wide global attention in the recent times and as a result, the global business community has also been expressing its willingness to invest in Nepal, every now and then.

India for infrastructure development, South Korea for smart city development, US in energy and education sectors, likewise, many other countries have come forward to invest in Nepal in the recent times.

In the recent past, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Austrian Federal Economic Chamber (AFEC) have also signed a new agreement to boost business and trade ties between the two countries.

Following the trend, now the Japanese business community and Non-Resident Association (NRNA) Korea have also expressed their willingness to invest in Nepal.

“Foreigners would benefit by investing in Nepal, as the country is a gateway to reach out to markets of India, China and other South Asian countries,” says the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Bhawani Rana.

Nepal’s FDI Initiatives Are Encouraging: Japan

An official statement in this regard was made by the Japan Chamber of Commerce and Industry, Singapore (JCCIS) President Tochiori Takuhiro.

A 12-member JCCIS team, including eight Japanese companies that expanded their base to Singapore, has come to Nepal on November 06, 2017, to assess investment climate in the country and discuss cooperation in various sectors.

The companies in the delegation belong to various sectors such as textiles, manufacturing, tourism, banking, logistics, oil and gas.

“We are here because we see an opportunity in this country as it has young workforce and other potential to grow. Lately, the government has also started taking serious initiatives to attract Foreign Direct Investment (FDI), which is encouraging,” says Tochiori Takuhiro.

Tochiori was speaking at an interaction program organised by FNCCI on November 07, 2017.

On the occasion, Tochiori further informed that the team would meet domestic entrepreneurs of various sectors, over the next three days, to finalize the areas of cooperation.

NRNA Korea Keen on Investing

In a recently-held meeting with the Nepali trade delegation of 14 Nepal-Korea Chamber of Commerce and Industry (NKCCI) members and 9 hoteliers, NRNA Korea has also expressed its willingness to invest in Nepal.

The Hotel Association Nepal (HAN) informed this in an official statement on November 07, 2017.

During the B2B meeting organized by Korea Trade-Investment Promotion Agency (KOTRA), officials of NRNA Korea expressed commitment to work for bilateral trade and tourism promotion,” said HAN.

According to HAN, the delegation participated in an event called G Fair Korea and has also organized a trade promotion program titled- ‘Nepal: Your Destination for Tourism and Trade’.

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With an aim to boost the Nepal-Austria bilateral ties, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Austrian Federal Economic Chamber (AFEC) signed a Memorandum of Understanding (MoU) on October 31, 2017.

FNCCI President Bhawani Rana and AFEC Vice-President Richard Schenz signed the pact on behalf of both the nations and the two sides have also agreed to review the Nepal-Austria agreement formed in 1993.

The new collaboration will focus on enhancing private sector collaboration for promoting trade, commerce and technology transfer between the two countries.

“As the government has adopted a policy to create an investment-friendly environment, this agreement can benefit both countries through the exchange of knowledge, skills and technology,” said the Nepali Industry Minister Sunil Bahadur Thapa.

On the occasion, the Minister also sought Austrian investment in Nepal.

Infrastructure Development Discussed

Meanwhile, Nepal’s Industry Secretary Yam Kumari Khatiwada informed that Nepal has declared tourism and infrastructure development as priority areas to facilitate Foreign Direct Investment in these sectors.

Gyanendra Lal Pradhan, Executive Committee Member of FNCCI, opined that the agreement would benefit Nepal by providing needed assistance from Austria in transportation and hydropower sectors.

Gyanendra also sought bilateral cooperation in the tourism sector to minimize the tourism costs through effective infrastructure development.

In response, Austrian Ambassador to Nepal Brigitte Oppinger-Walchshofer informed about Austrian entrepreneurs’ willingness towards investing in Nepal.

 “The bilateral ties could help bolster the relationship in economic areas in the coming days,” she added.

Nepal-Austria Trade on The Rise

Nepal and Austria have been enjoying cordial trade relations majorly in the areas of infrastructure development, hydropower, drinking water supply, eco-tourism development and conservation of ancient temples.

Patan Museum, Rolwaling eco-tourism, Garden of Dreams at Keshar Mahal of Kathmandu and Namche Small Hydroelectric Project are some of the notable Nepali projects completed in collaboration with Austria.

Nepal’s trade with Austria has been growing in the recent years.

According to the official data of the Trade and Export Promotion Centre, Nepal-Austria trade has grown two-fold from Rs 364.15 million to Rs 645.47 million during the 2012-16 period.

Nepal’s exports to Austria majorly include woolen carpets, paper and paper products, handicrafts, readymade garments, jewelry and silverware.

Whereas, machinery and parts and communication equipment form Nepal’s major imports from Austria.

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