What we need is a bunch of people with entrepreneurial instincts to think of the next steps to unleash the potential of Nepali sports, including cricket.
China’s investment dominance is a recent but rising phenomenon.
The Government of Nepal has estimated an economic growth rate of 6% for the upcoming fiscal year, and the inflation at 5.5%.
Nepal stands at a pivotal juncture where the sports economy could significantly contribute to redefining its soft power on the global stage and its economic development.
From K-pop’s cultural phenomenon to Taylor Swift’s economic impact, these are some examples of how soft power drives economic growth and enhances global standing.
This time, the government’s flagship event aims to target not only foreign investors but also domestic investors and non-resident Nepalis (NRNs). The NRN association has begun disseminating the NRN card entitling NRNs to various investment incentives. Additionally, 11 laws are slated for amendment to address project implementation challenges. The long-awaited legislative changes in Nepal’s FDI and investment policies were accelerated to fit the summit’s timeline.