India 's Foreign Direct Investment Essay

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NEPAL IS DEPRIEVED OF THE “FOREIGN DIRECT INVESTMENT” HERE IS WHY; A Case on Foreign Direct Investment: Growth and Prospects Submitted to: Prof. Dr. Devi Prasad Bedari Submitted by: Chanda Kiran Adhikari Nabin Chapagain Manisha Paneru Raskin Maharjan Subigya Regmi The visit of Narendra Modi, Indian Prime Minister to Nepal undoubtedly strengthened the ties between the two nations. But, most importantly, it also provides Nepal with an avenue for development through investment – foreign direct investment. “Your rich water resources can be the powerhouse for India. Just by selling electricity to India, Nepal can find a place in the developed nations of the world.” – Narendra Modi After the Indian PM addressed the Nepalese parliament, less than a month and a half later, the countries sat down and inked a deal said to be the largest foreign investment Nepal has received until now. The Nepalese Investment Board signed a Project Development Agreement with GMR Group, an Indian multinational firm regarding the construction of the Upper Karnali hydropower estimated worth US $ 1.5 billion. The project will generate 900 megawatts of electricity; of which Nepal will receive 12 per cent free energy, along with 27 per cent equity. GMR Group will hand over the project to Nepal after operating it commercially for 25

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