Wednesday, 30 November 2016

Yoga guru Ramdev Invested in Nepal Without Government Approval

Posted by Anup Baral | November 30, 2016 :

Yoga guru Ramdev has landed in a controversy in Nepal after a media report claimed that Patanjali Ayurved group invested more than Rs 150 crore in the country without official approval. The Foreign Investment and Technology Transfer Act requires any foreign investor to get permission from the Investment Board Nepal or the Department of Industries before investing in Nepal. The report in Nepal's largest selling newspaper Kantipur Daily said Ramdev failed to seek such mandatory permissions.

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