The Mid-hill Highway is flanked by a series of roads that lead north and…
GrowthLocal economyRoads, rails and airports!
Kunda Dixit from Nepali Times went up to Jomsom and Lo Montang to examine…
India is by far Nepal’s biggest foreign investor and trading partner historically. But China is catching up more than ever. Last year, Nepal’s big neighbour to the north invested more money than India for the first time! In addition, though India is still ahead in commerce, accounting for 53 percent of Nepal’s foreign trade, it’s share is down from 60 percent in 2006, while China’s share is up from just 3 percent to 31 percent! In other words, since the end of the Maoist conflict, Chinese investment and trade in Nepal has been going only up. How is that visible out in the districts? Well, here are the latest major examples.
“Agriculture in Nepal is always risky and therefore if you try to change something it becomes even riskier”. Whoever said that – and many did – has a good point. But it also seems that the willingness to try something new at local level is growing. New entrepreneurial initiatives in the local economy are now frequently turning up in the news. Indeed, climate change is drying up…