Web-based investment guide on Nepal
KATHMANDU:
The Department of Industry and UNCTAD are scheduled to officially launch a web-based investment guide on Nepal, with an aim to provide key business, legal and contact information related to Nepal to the potential foreign investors, on Thursday.
The iGuides platform provides investors online with updated and hard-to-find information on operating costs, wages, rents and taxes that can be inserted into an investor’s business model, as well as laws, procedures and useful contacts, according to UNCTAD.
It includes experiences of established foreign investors in Nepal also.
The iGuides replaces UNCTAD’s previous practice of publishing paper investment guides for different countries, allowing significant cost and time savings and enabling governments to get the right information closer to the intended investor audience, read a statement issued by the Nepal-based United Nations Information Centre on behalf of UNCTAD.
“Further, because governments are responsible for generating and updating content according to UNCTAD guidelines, the development of each country website within the iGuides platform ensures significant capacity-building in investment promotion.”
Economic Affairs Officer at UNCTAD Ian Richards is scheduled to demonstrate how the iGuides provided all critical information for investment decisions at the fingertip.
Moreover, unlike sit-on-the-shelf documents, any element of an iGuides site can be updated by the government at any time, which makes them more relevant to the target audience.
Richards will also highlight the site’s coverage of investment opportunities in agriculture, hydropower, tourism, health services, pharmaceuticals, light manufacturing and minerals.
Source: THT
