NRN meet ends, agrees to set up $100m fund

Kathmandu, October 17:

The third NRN Global Conference ended here today by issuing a 15-point Kathmandu declaration.

The declaration has vowed to establish a $100 million Nepal Investment Fund within a year of establishment of the NRN-Nepal chapter and said that NRNs, government and the Federation of Nepalese Chambers and Industries will work together for infrastructure development.

“The Tribhuvan International Airport (TIA) will be upgraded with active cooperation of the NRNs,” reads the declaration, adding that the NRNs are willing to play a meaningful role in socio-economic development of the country.

The declaration also stated that the NRN Act would be revised accommodating suggestions given by the NRNs. It has proposed that Nepali students, who have stayed abroad for over 182 days to acquire knowledge and skill useful for Nepal, also be recognised as NRNs.

“Being the people’s ambassadors, NRNs will work towards solving the problems facing the Nepalis abroad,” it stated. Voting rights, utilisation of skills and knowledge of the NRNs, promotion of economic diplomacy, preservation of Nepali culture and promotion of tourism are some of the points figuring in the declaration.

The declaration has also stressed the need to utilise the expertise and capital of NRNs for social infrastructure development. The conference selected a new committee headed by Upendra Mahato.