- Emphasis is given on private sector involvement.
- Limit of state's role to the creation of enabling environment
- Emphasis is given on export led growth
- Private sector roles are well accepted across political lines
- Commitment to globalisation / liberalisation
- Foreign investment of up to 100% allowed in almost sectors

- Industrial Policy.
- Foreign Investment Policy
- Industrial Enterprises Act
- Foreign Investment and Technology Transfer Act
- Other Sectoral Acts and Rules

- Nepal already has a sizable market of 25 million population.
- Located in between two most populous and fast growing economies- India and China, having more than 1 billion people in each economy.
- Preferential trade arrangement with India.
- Diverse topography and climate
- As a LDC, Nepal enjoys duty-free & quota free facilities to major markets.

One Window Policy
Attractive Investment Features
Repatriation of Foreign Exchange
Low tax and duty rates
Fixed Royalty Payments
Easy availability of Foreign Exchange
Import Concessions
Export Potential
No Nationalization of Projects

Liberalized Investment Climate
Transparent Legal &Regulatory Framework
Impartial Judicial System
Established Procedure
Emerging Regional Capital Markets
Democratic Policy
100% foreign ownership of project is allowed in most of cases
Risk Insurance Availability
Dispute Resolution as per agreement allowed

Manufacturing: High value low volume products
Pharmaceuticals
Electric / electronic gadgets
Components making
Precision equipments
Textile and clothing
Infrastructure Development:
Power / Road / Airport / Bridges / Tunnels / Telecommunication, Real Estate, Housing etc.
BOOT / BOT principle accepted
First comers can themselves be part of the rules framing process
Information Technology:
No handicap of land lockedness and high transport cost
Many graduates of the field are available
Fairly good command of English
Nepali people are trainable
Could be a very good location for data entry and processing
Services:
Tourism
Holiday homes
Sanatoriums
Hospitals / Nursing Homes
Educational / Training Institutions
Financial Services / Off Shore Banking
What are the Potential Areas for Investment in Nepal
Cultivation/Farming of fruits & vegetables
Floriculture and flower seed production
F-1 hybrid Vegetable seed production
Organic Tea plantation and industry
Sericulture – mulberry plantation and silk production
Animal feeds production
Integrated livestock, Pasture land development & management
Natural wool production/spinning (sheep/angora rabbit)
Essential oils/herbal products
Garlic and Ginger cultivation and processing
Production and processing of Mushroom
Fish farming
What are the New Products Thrust for Export?
Organic Black Tea and Coffee
Vegetable seeds
Fresh fruits & vegetables
Honey
Large cardamom
Herbs and medicinal plants
Cut flowers / flower seeds
Processed fruits, vegetables and cereal products

-Increased urbanisation led to increasing demand for more diversified, convenient and quality agro-products within Nepal
-It has comparative / technical advantages to produce and send fresh off-season agro-products to Northern India, Bangladesh, Bhutan and Tibet Autonomous region
-SAFTA and SA Quadrangle Growth Sub-regional concept, once materialised, prospect of free trade of goods within the member countries could be seen
-It is well connected with Gulf, Europe, Japan and SE Asia by air for niche product marketing
-Nepal is expected to be a WTO members soon and as a LDC member its agricultural products could have duty free/concessional access to some regional trade blocks like EU

-Principal and Interest on debt
-Profit from equity
-Sales of share equity
-All at prevailing Market Rates

-Customs duty, sales tax, excise duty and premiums levied on raw materials and auxiliary raw materials etc utilized by any industry in connection with its product during its production reimbursed on the basis of the quantity of the export.
-No tax, fee or charge of any kind levied on the machine, tool, equipment, machinery and raw materials to be employed by an export promotion industry as well as on the product of such industry.
-No royalty shall be imposed if any industry generates electricity for its use

Facilities and Incentives to be accorded under the Foreign Investment and Technology Transfer Act 1996 (Amendment):
-Foreign investments are permitted up to 100 percent except to the negative list (Industries Reserved for Domestic Investment).
-Permission can be granted to use foreign technology in the industries reserved for domestic investment.
-Repatriation of capital & profits is allowed.
-No intervention is made in fixing prices of the products of any industry.
-Business visas are granted to foreign investors or their dependent family members or authorized representatives and their dependent family members to stay in Nepal so long as they maintain their foreign investment.
-A Foreign Investor, who makes a lump sum investment of at least US$ 100,000 or an equivalent amount in any convertible foreign currency, is granted residential visas together with his dependent family members so long as he maintains his investment.

Part A
1 . Cottage industries.
2. Personal services (business such as hair cutting, beauty parlor, tailoring, driving training etc.)
3. Arms and Ammunition industries.
4. Explosives, gunpowder.
5. Industries related to radioactive materials.
6. Real Estate business (excluding construction industries).
7. Motion pictures business (produced in national languages and the language of the nation).
8. Security printing.
9. Currencies and coinage business.
Part B
10. Retail Business except as a international retail chain store business operating in more than two countries
11. Bidi (tobacco)
12. Internal courier service
13. Atomic energy.
14. Poultry farming.
15. Fisheries.
16. Bee-keeping.
17. Management, Accounting, Engineering, Legal and other consultancy services having more than 51 percent foreign investment.
18. Beauty Parlor
19. Milling, Grinding and Extracting of food grain on rent
20. Local Catering service
21. Rural Tourism.

Industries in Nepal are classified as per Industrial Enterprises Act, 1992 and these are as follows:
Category-wise
a. Manufacturing Industries:
-Industries which produce goods by utilizing or processing raw materials, semi-processed materials, by¬products or waste products or any other goods.
-Production and packing of photographic film roll by cutting, slitting, confecting, perforating, spooling and capping from Jumbo roll; production of cinematographic film, medical and industrial x-ray film, graphic art film, photographic paper by cutting, slitting process from imported Jumbo role and pan cake industry.
(As per Nepal Gazette published on 4th Shrawan 2055 - July 201998).
b. Energy-based Industries:
-Industries generating energy from water resources, wind, solar, coal, natural oil and gas, biogas or any other sources.
c. Agro and Forest - based Industries:
-Business mainly based on agriculture or forest products such as integrated sericulture and silk production, horticulture and fruit processing, animal husbandry, dairy industry, poultry farming, fishery, tea gardening and processing, coffee farming and processing, herb culture and herb processing, vegetable seed farming; bee¬keeping, honey production, rubber farming, floriculture and production, and forestry related businesses such as lease-hold forests, agro-forestry etc.
-Mushroom, vegetable farming or vegetable processing, tissue-culture, green house (As per first amendment of Industrial Enterprises Act, 1992 on 1996/01/24).
-Cotton farming, production and processing of cotton seeds.
(As per Nepal Gazette published on 4th Shrawan 2055 - July 20, 1998).
-Horticulture and cash crop farming; Cane and bamboo farming & their products; Hatchery; Establishment, protection and management of botanical garden.
(As per Nepal Gazette published on (jth Jestha 2059 - May 20, 1998).
d. Mineral Industries:
-Mineral excavation or processing thereof.
e. Tourism Industries:
-Tourist lodging, motel, hotel, restaurant, resort, travel agency, skiing, gliding, water rafting, cable car complex, pony-trekking, trekking, hot air ballooning, Para sailing, golf-course, polo, horse-riding.
-Construction & operation of amusement park
(As per Nepal Gazette published on 2&h Poush 2056- January 10, 2000).
-Rural tourism
(As per Nepal Gazette published on 21st Bhadra 2058 - September 6, 2001).
-Other Adventurous tourism
(As per Nepal Gazette published on &h Jestha 2059 - May 20, 1998).
f. Service Industries:
-Workshop, printing press, consultancy service, ginning and bailing business, cinematography, construction business, public transportation business, photography, hospital, nursing home, educational and training institution, laboratory, air services, cold storage.
-Production (having less processing activities) of cut to length sheet, photo film slitting, photo paper slitting, tissue paper slitting, ball bearing assembly; Repacking of imported goods in bulk quantity.
(As per 9(}h Industrial Promotion Board Meetings).
-Housing complex business; Telephone service (cellular telephone. mobile telephone, pager service), Television broadcasting (satellite television and cable television); Textile & yam dying, yarn sizing and textile printing (except for textile knitting industries using for their own product)
(As per Nepal Gazette published on 21st Mangsir 2050-December6,1993).
-Development of Computer Software
(As per Nepal Gazette published on 1(jh Baisakh 2053 - Apri/22, 1996)
-Public transport (Three or four wheelers) operated by electricity or battery; Battery charging for those electrical vehicles (As per Nepal Gazette published on 3rd Asadh 2053 - June 171996).
-Security service business providing security to bank and financial institutions, industry, hotel, office complex, diplomatic institutions and residential complex.; Advertising agency; Publications house; L P gas refilling for domestic use; Mapping business by digitations process (Digital mapping services); Production of teledrama, telefilm advertisement, health education programme and other documentary films broadcasting on television; L.P.gas refilling depot on vehicles (motorcar and tempo); Construction of radio station and broadcasting service (As per Nepal Gazette published on 4fh Shrawan 2055 - July 20, 1998).
-Cargo business
(As per Nepal Gazette published on 1(J1h Phalgun 2056 -February 28, 2000).
-Public carrier transport service
(As per the Departmental Directives on 31st Jestha 2058 - June 13, 2001).
-Shipping business; Packaging and refilling; Courier, telephone system; Dry-cleaners; Catering; Video- audio recording; V-sat; Internet; Beauty parlour; Milling, grinding and extracting of grain on commercial basis; Interior decoration; CD Rom recording (As per Nepal Gazette pUblished on 21st Bhadra 2058 - September 6, 2001)
-Operation and management of Inland clearance depot
(As per Nepal Gazette published on 1st Magh 2058 - January 14, 2002).
-Renting, repairing and operating service of construction heavy equipment; Veterinary medical service:
-Diagnostic services to human health (Clinic); Operation of conference & auditorium hall, drainage and wastage/garbage collection and processing thereof, water supply, pipe lining of fuel, fuel related gas supply, warehousing and storage, airport, sports complex, rope way, road, Irrigation, energy house, railway and maintenance thereof (As per Nepal Gazette published on (JIh Jestha 2059 - May 20, 1998).
-Transportation service by animal. (As per Nepal Gazette published on 25h Phalgun 2060 - March 8, 2004)
g. Construction Industries:
-Road, bridge, ropeway, railway, trolley bus, tunnel, flying bridge and industrial, commercial and residential complex construction and operation.
-Office and residential complex construction and operation. (As per Nepal Gazette published on 1(jh Baisakh 2053 - April 22, 1996)
-Sports complex, swimming pool, airport, film studio construction and operation. (As per Nepal Gazette published on 21th Bhadra 2058 - September 6. 2001)
-Infrastructure building of auditorium and conference hall; drainage system; water supply system (pipelining), fuel and gas supply system (pipelining); irrigation system, energy house (power house) and energy distribution system (transmission line) and operation and management thereof.
(As per Nepal GazeHe published on (jIh Jestha 2059 - May 20, 1998).
Scale-wise
Cottage Industries:
-The traditional industries utilizing specific skill or local raw materials and resources, and labour intensive and related with national tradition, art and culture.
Small Industries:
-Industries with fixed assets of up to an amount of thirty million rupees.
Medium Industries:
-Industries with fixed assets between thirty million rupees and one hundred million rupees.
Large Industries:
-Industries with a fixed asset of more than one hundred million rupees.
Source: Industrial Enterprises Act, 1992 and various amendment and Nepal Gazette notified by The Government of Nepal from time to time.

-Handloom; Pedal loom; Semi-automatic loom; Warping; Tailoring (Other than Readymade Garments);
-Knitting; Hand knotted Woollen Mat and Blanket (Radi, Pakhi); Carpentry; Wooden Artistic Product;
-Cane and Bamboo Works; Natural Fibre Products; Hand Made Paper and Goods made up thereof;
-Gold, Filigree Products including Silver, Brass, Copper; Precious and Semi-Precious Stones;
-Ornaments; Sculptures and Pottery; Honey; Chyuri; Cardamom Processing; Clay or Ceramic Pottery;
-Leather Cutting and Tanning; Rural Tanning and Leather Goods producing Works; Jute; Sabai Grass;
-Babio; Choya; Cotton Thread Products; Artistic Products made up of Bones and Horns;
-Stone Carving; Ceramic Fine Arts; Pauwa; Boutique; Incense Stick (Dhup); Dolls and Toys Industries;
-Alcohol and beer producing industries.
-Cottage industries with the fixed asset of up to two hundred thousand rupees (with the exception of cigarettes, bidi, cigar, chewing tobacco, Khaini industries) and industries producing other goods of a similar nature utilizing tobacco as the basic raw material;
Notes:
-Unless otherwise mentioned specifically, cottage industries should not power by electric motors or diesel or petrol or crude oil engine more than a total of five kilowatt. Power looms shall not be included under Cottage Industries.
-Permission shall be required for the establishment of mechanised woollen spinning and mechanised woollen carpet manufacturing.

As per Industrial Enterprises Act, 1992 and various amendments:
1. Agro and forest-based Industries
2. Engineering (producing agricultural and industrial machine) Industries
3. Industry- manufacturing fuel saving or pollution control devices.
4. Solid waste processing Industries
5. Road, bridge, tunnel, ropeway and flying bridge constructing and operating industry, and trolley bus and tram manufacturing and operating Industries
6. Hospital and nursing home (only outside the Kathmandu valley).
7. Industries producing ayurvedic, homoeopathic and other traditional medicine, and industries producing crutches, seat belt, wheel chair, stretcher and stick and so on to be used in aid of the disabled and orthopaedic
8. Cold storage installed for the storage of fruits and vegetables,Cement Industries based on Lime stone
As per the decision of Industrial Promotion Board Meeting on 13th Chaitra 2062
9. Modern Pharmaceutical Industry
10. Sugar Industry
11. Chemical and Bio-fertilizers Industry
12. ICT Software Industry
13. Hydropower (Hydro power Generation and Distribution) related Industries
14. Alternative Energy Generation Industries
15. Mineral based Industries (except boulder, stone and sand)
16. Yarns and Textiles Industries
17. Multi-Storey residential and commercial building construction Industry
18. Cable car Construction and Operating Industry
19. Gems making industries by cutting precious and semi-precious stones
20. Water Transportation
21. Ropeway system under Gravitational Forces
22. Other industries except service industries established in Remote areas

1. Chemical Industries such as primary acid and alkali with production capacity greater than 100 Mt! day.
2. Petrochemical processing works of all sizes, including plastics and synthetic rubber.
3. Ferrous, Non- ferrous metal industries (primary smelting excluding re-rolling, re - melting & fabrication).
4. Non - metallic industries:
-a. Cement more than 30 Mt! hr (based on lime stone), more than 50 Mt /hr (based on clinker).
-b. Lime-with production over 50 Mt / day.
-c. Asbestos industries of all sizes.
-d. d. Radio active related industries of all sizes.
5. a. Bulk drug-manufacturing industries.
b. Extremely hazardous chemicals such as isocyanides, mercury etc.
6. Pulp and paper with capacity more than 100 Mt/ day.
7. Mine based large industry; forest based medium and large industry.
8. Tannery with a capacity of over Sq.ft./day.
9. a. Distillery works which include boiling and fermentation with production capacity of over 500,000 liters / day.
b. Brewery works which include boiling and fermentation with production capacity of over 500,000 liters / day.
10. Brick and tile industry with capacity more than 10 million pieces per annum.
11. Chemical processing of bone and horn etc ..
12. Manufacturing of chemical fertilizer and insecticide (except blending).
13. Mine based industry having more than 50 million fixed assets investment.
14. Sugar industry (including Khadsari) with capacity of over 3000 Mt /day.
15. Arms, ammunition and explosions.

Sector: Industry -A
1. Alcohol manufacturing by blending process and distillery works which include boiling and fermentation with capacity up to 500,000 liters/day
2. Brewery and wines works which include boiling and fermentation with capacity up to 500000 liters/day
3. Chemical industry such as primary acid & alkali with capacity up to 100 Mt/ day.
4. Tannery processing up to 5000 s.ft/day.
5. Stone crushing and paint industry.
6. Electroplating and galvanizing.
7. Cooking and natural gas filling, refilling, manufacturing and distribution.
8. Dairy industry.
9. Lubricants manufacturing by blending, reprocessing, reclamation
10. Foam industry.
11. Dry and wet cell battery manufacturing
12. Sugar industry including khadsari up to 3000 Mt /day.
13. Textile dying, printing, washing including carpet except traditional industry.
14. Pulp and paper industry with capacity up to 100 Mt I day except traditional pulp and paper industry.
15. Brick and tile industry with capacity up to 10 million pieces annually.
16. Cement industry with capacity up to 30 Mt / hr based on limestone or up to 50 Mt /hr based on clinker.
17. Lime industry with capacity up to 50 Mt/day.
18. Pharmaceutical
19. Chemical fertilizer (blending), insecticides (blending)
20. Waste plastic recycling industry
21. Match factory
22. Auto workshops (except two wheeler)
23. Coke, briquette manufacturing from coal.
Sector: Industry -B
Industries having fixed assets investments more than Rs.1 million:
1. Plastic processing (virgin)
2. Tyre, tube, rubber, processing & manufacturing
3. Soap, detergent & cleaning shampoo
4. Photo processing
5. Foundry
6. Cigarette, Bidi, tobacco, pan masala
7. Slaughter house
8. Glass
9. Food processing
10. Metal (ferrous, non- ferrous), re-melting, re-rolling and fabrication.
11. Bitumen & emulsion
12. Cold storage
13. Yarn spinning
14. Vegetable ghee & oil
15. Herbal processing
16. Manufacturing of articles of bone and horns
17. Rosin and turpentine, veneer & katechu.
18. Meat processing
19. Packaging industry
20. Animal feed
21. Machine shop
Source: Department of Industries.

Stages of Implementation of FDI Projects

Export:
-Export is generally free of custom duty.
-Some industrial item such as vegetable ghee is liable to pay export duty. Export duty rates range from 0.5 to 8 %.
-Custom duty on export is levied on the basis of FOB price determined by calculating the cost incurred including in transporting the goods up to custom point when exporting the goods.
-Generalized System of Preferences (GSP) is available to Nepal's export as a Least Developed Country.
-NRs.600 as customs service fee is charged per custom declaration form at custom point on export.
Import:
-Almost all goods are in OGL (Open General License).
-The customs value is calculated on CIF basis (Cost, Insurance and Freight) on import.
-Nepal has adopted General Agreement on Tariff and Trade (GATT) valuation system.
-Principle of lower rate of customs duty on the import of raw materials compared to finished goods is in use.
-Prevailing custom duty rates are 80%, 40%, 35%, 25%, 15%, 10%, 5% and 0 %.
-Goods imported from India into the Nepal are granted a rebate of 7 % based on ad valorem (except specific duty) on chargeable customs duty of up to 25 percent and 5 % on above than 20 % duty.
-Goods produced in China and imported from Tibet are granted a rebate of 4% based on ad valorem (except specific duty) in the chargeable customs duty.
-The ASYCUDA system is in use at seven major custom points and plan to add in two major points.
-One and half percent (1.5 %) local development fee is levied on import at custom point and only one percent is levied for petroleum products.
-Agriculture Improvement fee of 8% is levied on import value on imported agricultural goods.
-NRs.500 as customs service fee is charged per custom declaration form at custom point on import.
(Source : FNCCI)

1. Articles of Archaeological and Religious Importance
1.1 National and foreign coins of archaeological value.
1.2 Idols of gods and goddesses, palm leaf inscription (Tad Patra), plant leaf inscription (Bhoj Patra).
1.3 Scroll (Thanka paintings) of historical importance.
1.4 Cows and Oxen
2. Conserved wildlife and Related Articles
2.1 Wild animals.
2.2 Bile and any part of wild animals.
2.3 Musk.
2.4 Snake skin, Lizard skin.
3. Narcotic Drugs - Marijuana, Opium, Hashish
(as defined in the Single Convention on Narcotics, 1961).
4. Articles of Industrial Importance
4.1 Explosives material and fuse or materials needed there for.
4.2 Materials used in the production of arms and ammunition.
5. Industrial Raw Materials
5.1 Raw hides and skin (including dry salted).
5.2 Raw wool.
5.3 All imported raw materials, parts and capital goods.
6. Other products
6.1 Mamira.
6.2 Log and timber.

1. Products injurious to health
1.1 Narcotic drugs like, opium and morphine
1.2 Liquor containing more than 60 percent alcohol
2. Arm and ammunitions and explosives (except under import license of Government of Nepal)
2.1 Materials used in production of arms and ammunition 2.2 Guns and cartridges
2.3 Capes without paper
2.4 Arms and ammunitions, and other explosives
3. Communication equipment:
3.1 Wireless, walkie-talkie, cordless, transmission machinery, satellite equipments, satellite receiver, link radio equipments and other similar audio - visual, database radio communication equipments (except under import license of Government of Nepal)
4. Others:
4.1 Beef and beef products
4.2 Plastics rags and recycled plastics goods
4.3 118 Azo dyes hazardous to environment and detrimental to export sector
4.4 Any other product notified by Government of Nepal in the Nepal Gazette.
Source: Various amendments of Acts I Policies and Documents published by the Government of Nepal.

1. Traditional Cottage Industry (excluding Rural Tanning)
2. Travel! Trekking Agency
3. Hotel, Resort, Restaurant
4. Food Processing (with machinery of up to 0.2 million Rs and excluding meat processing)
5. Electronic Assembling
6. Candle Stick (with machinery of up to 0.1 million Rs.)
7. Stationery and Products made of Paper (with machinery of up to 0.1 million Rs.)
8. Wooden Furniture (Band saw is not allowed and with machinery of up to 0.05 million Rs)
9. Woollen Thread Spinning (Hand spool)
10. Resin Bags (with machinery of up to 0.1 million Rs.)
11. Leather Goods (with machinery of up to 0.1 million Rs.)
12. Ayurvedic Medicine (with machinery of up to 0.05 million Rs.)
13. Flyover Bridge
14. Office, Commercial and Residential Complex
15. Trolley Bus Service (Outside Municipality area if having workshop and garage)
16. Service Industries
Following service industries will not be allowed:
-Medium and large chemical laboratories
-Workshop (with machinery of more than 0.2 million Rs.
-Cut to length sheets, strips and tube
-Repacking industry except tea, domestic spices, sugar, wheat floor, salt, pulses etc.
-Film processing laboratory
-Washing, dyeing plant, printing (textile) Cold Storage

1. Tannery
2. Chemical Fertilizer
3. Cement
4. Steel Melting and Foundry (Medium and Large Scale)
5. PUlp and Paper (except traditional handmade paper and small scale recycling plant)
6. Caustic Soda, Chemical Manufacturing Industries
7. Oil Refineries, Petroleum Product (Petrol. Diesel, Kerosene, Lubricant, Furnace Oil etc.)
8. Dyeing (Medium and Large Scale)
9. Acid Manufacturing
10. Fermentation, Distillation and Blending (Distillery and Beer)
11. Electroplating and Galvanisation (Medium and Large Scale)
12. Smelting Ferrous and Non Ferrous (Medium and Large Scale)
13. Sugar Productions and Khandsari
14. Rubber Processing (Tube and Tyre Manufacturing)
15. Paint:; Industries (Medium and Large Scale)
16. Bleaching Powder
Note: All above and Stone Crushing Industries cannot be established within other Municipality area as well. Taking pollution control and security measures, all kind of industries is allowed within Industrial Districts. Source: Department of Industries.

1. Industries producing explosives including arms, ammunition and gunpowder, security printing, bank notes and coin industries.
2. Cigarettes, bidi, cigar, chewing tobacco, khaini industries and industries producing goods of a similar nature utilizing tobacco as the basic raw material and alcohol or beer producing industries.

For details regarding rates of DEPB, Please visit the website http://www.nic.in/eximpol OR http://www.dgft.delhi.nic.in/

The facility of Duty Entitlement Pass Book (DEPB) scheme being provided by the Government of India to Indian Exporters who export their products in convertible foreign currency to Nepal is available on export and import through Birgunj-Raxaul, Biratnagar-Jogbani and Bhairahawa-Sunauli customs points.

THE FOLLOWING ARE THE AGREED ROUTES FOR MUTUAL TRADE (MAJOR 6 LAND CUSTOMS HAVE BEEN HILIGHTED WITH BOLD LETTERS)
1. Pashupatinagar / Sukhia Pokhari
2. Kakarvitta / Naxalbari
3. Bhadrapur / Galgalia
4. Biratnagar / Jogbani
5. Setobandha / Bhimnagar
6. Rajbiraj / Kunauli
7. Siraha, Janakpur / Jayanagar
8. Jaleswar / Bhitamore (Sursand)
9. Malangawa / Sonabarsa
10. Gaur / Bairgania
11. Birgunj / Raxaul
12. Bhairahawa / Nautanawa
13. Taulihawa / Khunwa
14. Krishnanagar / Barhni
15. Koilabas / Jarwa
16. Nepalgunj / Nepalgunj Road
17. Rajapur / Katerniayaghat
18. Prithvipur, Sati (Kailali) / Tikonia
19. Dhangadhi / Gauriphanta
20. Mahendranagar / Banbasa
21. Mahakali / Jhulaghat (Pithoragarh)
22. Darchula / Dharchula

The Products under quota system and quantum of the quota as per Nepal-India Trade Treaty 2002 are as follows:

There are around 123 items that can be imported with convertible foreign currency permission from Nepal Rashtra Bank, the central bank of Nepal. Since the listings changes from time to time, you are suggested to obtain the same from the branch of commercial banks from where you would like to open your Letter of Credit. (List enclosed in pdf file) Currency Regulations Currency: Nepali Rupees (NRs.) NRs is freely convertible in current account. For fresh conversion rate, connect: www.nrb.org.np

-Lacks know-how in production technology resulting in low productivity / quality and high cost of production
-Very little investment in the area of pot harvest handling, grading & packaging and processing technologies
-Production and marketing managements are done in very small or at below the economy of scale

Indian Nationals Indian nationals do not require visa. However, effective from October 1, 2000, Indians traveling to Nepal by air have to show upon arrival at entry point a passport, Voter's Identity card issued by the Election Commission of India, or an identity card with photograph issued by the Central or State Government of India. Temporary identity card with photograph issued by Nepal based Indian diplomatic missions for identification of Indian nationals will also be considered in case of exceptions. Children under 10 years need not show any identification.

-Modern Farming
-Intellectual Properties
-Bio Diversity (Herbs, Forestry, Ayurved, Spices)
-Tourism (Flora, Fauna, Health, Sports, Religious, Education, SAARC Hub)
-Financial & Offshore Center
-Service Sector & 'SEZ'
-Information Technology
-Human Resources
-Energy Power
-Global Landmarks (Mt.Everest, Lord Buddha, Sita)