NATTA Coordination Meeting on Foreign Investment in Tourism Sector was held at NATTA Secretariat on 23rd January, 2017 in the presence of Past Presidents Madam Ambica Shrestha, Mr. RR Pandey and Hony. Life Member of NATTA Mr. Prachanda Man Shrestha. The meeting was chaired by President Madhusudan Acharya. Others present in the meeting were 1st VP Mr. CN. Pandey, Secretary Mr. Sudhir Kumar Upadhyay, Executive members Mr. Laxman Lamsal and Mr. Ram Barakoti including NATTA CEO Prof. Hari Sarmah.
The meeting focused mainly on the proposed Nepal Investment Summit-2017 going to be held on 2nd and 3rd March this year in Kathmandu. After a long hiatus, the Government of Nepal has incorporated certain reformations in the Investment Act and that reformation has necessitated the establishment of new provisions in the existing investment policy of Nepal. As such, the Investment Board has called upon the vital sectors of Tourism viz., Aviation, Travel Trade and Hotels to present their views on how the said proposition could be best capitalized in the context of Nepal.
The meeting concluded with a unanimous view that Mr. RR Pandey and Madam Ambica Shrestha would start working on NATTA’s views on FDI in tourism.