OSNEPALNEWS, Kathmandu, 16th March: Nepal Government has approved the foreign investment for setting up the Assembly Plant of four wheelers in Nepal. Investment Board Nepal approves FDI proposal of Rs 10.54 billion from the Korean company Motrex Co Ltd. The Investment Board meeting was chaired by Prime Minister KP Sharma Oli. The South Korea-based company is mainly engaged in the manufacturing and distribution of automotive parts.
The company’s products include audio-visual navigation (AVN), audio video (AV), around view monitor, head up display and rear seat entertainment (RSE).