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Nepal News

Economic Policy;Trade & Investment

Nepal targets 7% average growth and IT export push in new fiscal policy blueprint

Nepal’s government has outlined its fiscal 2026/27 agenda, focusing on economic transformation through IT service exports, hydropower, and governance reforms. The plan targets an average 7% real growth rate over the next decade, alongside a restructuring of tax systems and a renewed drive to attract foreign and diaspora investment.

Nepal | 2 weeks ago

Renewable Energy

Patel Engineering Ltd secures L1 status for ₹15.93 billion Lower Arun Hydropower Project in Nepal

Patel Engineering has been named the lowest bidder for a ₹15.93 billion infrastructure contract involving Nepal’s 669 MW Lower Arun Hydropower Project. The 54-month mandate covers critical civil and hydro-mechanical works, reinforcing the company's footprint in South Asia’s renewable energy sector and highlighting cross-border energy cooperation between India and Nepal.

1 month ago • Nepal

Roads & Highways

Cabinet clears NH-927 upgrade to accelerate India-Nepal trade via key border corridor

India’s Cabinet has approved a four-lane upgrade of the Barabanki–Bahraich stretch of NH-927 to strengthen connectivity with Nepal. The project is expected to cut travel time by half, improve agricultural trade flows, and unlock logistics and cross-border commerce opportunities.

2 months ago • India;Nepal

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.