April 29: The Third Investment Summit has succeeded in ensuring Australian investment for opening a luxurious resort in the vicinity of Rara Lake area of Mugu.    
The Expert Group of Australia reached an agreement with a local partner for investment in the resort on the second day of the Investment Summit on Monday.
Badri Aryal and Sanjeev Sharma on behalf the Expert Group and Abhisek Bikram Shah on behalf of Rara Holdings Resort Pvt Ltd signed the MoU for the investment collaboration.    
The resort to be constructed on 80 ropanis of land 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, they have set a target to construct the resort within one and half years. The detailed project report for the resort has been already prepared. The resort will be constructed using the local resources and reflecting the local culture, he added.    
NCC and Croatian private sector sign MoU for collaboration on trade and tourism  
 Meanwhile, Nepal Chamber of Commerce (NCC) and a business delegation from Croatia have signed a memorandum of understanding (MoU) for collaboration on trade and tourism.    
According to NCC, it reached an understanding with the Croatian delegation regarding trade facilitation and investment in the tourism sector on the sideline of the Third Investment Summit in Kathmandu.    
NCC showcased score of projects related to hydropower development, hotel industry among others in the summit.    
NCC president Kamalesh Kumar Agrawal told RSS that NCC and the Croatian business delegation discussed the investment environment, profits, consumer market and legal regime, among other topics on the occasion. -- RSS