Govt will increase investment in the green energy sector

KATHMANDU: The government has declared that it will raise investable capital through novel financial products, such as green and energy bonds denominated in local currency, to finance the construction of large hydropower projects with reservoirs, transmission lines, and other infrastructure in the upcoming year.

The government has stated that the “Make in Nepal” and “Made in Nepal” campaigns supported by the private sector will be encouraged to promote and increase indigenous production.

The new budget for Fiscal Year (FY) 2023/24 states that the national development will receive priority when utilizing the capital, technology, experience, and skills of non-resident Nepalis.