There are business opportunities in the hydropower sector to foreign investors and Non Residential Nepali (NRN). Some of the major benefits for foreign investors include:
- Easy availability of non-immigrant visa.
- Repatriation of investment income in foreign currency.
- Low tax for income from investment in hydropower projects.
- Cheap and abundant supply of skilled and unskilled manpower resulting to lower the cost of projects.
- No double taxation
- Contribution to social development of an underdeveloped country.“As small hydropower developers focus on the need for energy in rural and decentralized areas and as a stimulus to rural industrial development, it is clearly an important contribution to poverty alleviation of Nepal.”
- Hydropower is an emerging area of investment in Nepal.
- Government policy facilitates and promotes for project development.
- Foreign Investment and Technology Transfer Act, 1992 and the applicable rules and regulations in Nepal encourage the foreign investment. It has made the environment of industrial investment more congenial, straight forward, encouraging and transparent.
- The Industrial Policy, 1992 identifies foreign investment promotion as an important strategy in achieving the objectives of increasing industrial production to meet the basic needs of the people, create maximum employment opportunities and pave the way for the improvement in the balance of payments.
- Foreign investment is expected to supplement domestic private investment through foreign capital flows, transfer of technology, improvement in management skills and productivity and providing access to international markets.
- Foreign Investment is welcome in the form of equity, loan, machine supply in credit etc. Re-investment of earnings derived from foreign investment also constitutes foreign investment.
We welcome you for investment in hydropower projects