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Australian investment roped in for building resort in Rara

Metakhabar by Metakhabar
April 29, 2024
in Auto, Featured-news, News, Society
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Kathmandu, April 29: Australian investment has been brought in for opening a luxurious resort in the vicinity of Rara Lake area of Mugu.

An agreement for investment in the resort was reached with the Expert Group of Australia on the second day of the Third Investment Summit today. The Summit kicked off on Sunday.

A MoU for the investment collaboration was signed by Badri Aryal and Sanjeev Sharma on behalf the Expert Group and by Abhisek Bikram Shah on behalf of Rara Holdings Resort Pvt Ltd.

The resort to be constructed on 80 ropanis area at Murmatop of Chhayanath Rara Municipality-9, Mugu district, will have an investment of approximately Rs 700 million in the first phase and around Rs 400 million in the second phase, Shah said.

According to him, the target is to construct the resort within one and half years. The detailed project report for the same has been also developed.  The resort will be constructed using the local resources and reflecting the local culture, he added.

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Government committed to promoting agricultural production: Minister Adhikari
Featured-news

Government committed to promoting agricultural production: Minister Adhikari

by Metakhabar
June 29, 2025
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Patan (Lalitpur), June 29: Minister for Agriculture and Livestock Development, Ramnath Adhikari, has said the government is committed to delivering...

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