Laxmi Capital News
Fortuna to bring Rs 5 billion Chinese investment

 company promotedby Federation of Nepalese Chambers of Commerce and Industry (FNCCI) BhawaniRana, among others, has signed a preliminary agreement to bring US$ 46 million(about Rs 5 billion) worth of investment from China.

Rana,the chairman of Fortuna Investment Pvt Ltd, signed the agreement with the CEOof Guizhou Maritimes Silk Investment Corporation on the sidelines of PrimeMinister Khadga Prasad Oli’s visit to China.

PrabalJung Pandey and Bharat Acharya are the other promoters of Fortuna. The threehave invested Rs 100 million in the company.

Talkingto Republica, Pandey, director of the company, said: “The agreement is onlypreliminary. We are yet to work out details like project identification.Investments will come on project-wise basis.”

“Theseinvestments, which will be injected over three to four years, will be in arange of areas like high hill crops, export, infrastructure and tourismsectors,” Pandey, who returned to Nepal on Friday, said.

Hefurther added that the company plans to produce crops in high hills in acommercial manner. “Our focus will also be on exports and infrastructureprojects,” Pandey said, adding that they were at a preliminary phase of projectidentification. The focus of the company will be on exporting agri products toChina, added Pandey.

Similarly,it also plans to make investments in transmission line, solar power smart cityand highway, among others.

Source:MyRepublica, 24th June 2018

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