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Tue, May 21, 2024

S Korea to provide $9.8m for green job creation in Pokhara

B360
B360 May 15, 2024, 12:44 pm
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KATHMANDU: The government of the Republic of Korea (RoK) is set to provide assistance of $9.8 million for the creation of green jobs in Pokhara, Kaski district.

The memorandum of understanding (MoU) for the project 'Green Job Creation through Recycling and Up-cycling Project in Pokhara Metropolitan City (PMC)' was signed by RoK's Ambassador to Nepal, Park Tae-Young, and Finance Secretary Madhu Kumar Marasini at an event organised at the Ministry of Finance on Tuesday.

The South Korean government will fund this project through the Korea International Cooperation Agency (KOICA).

The project will be implemented by United Nations Development Programme (UNDP) in Pokhara, in close collaboration with the Ministry of Federal Affairs and General Administration (MoFAGA) and Pokhara Metropolitan City. The primary objective of this project is to create sustainable recycling and up-cycling enterprises to foster green economic practices.

One of the key components of this project is to establish a Green Venture Zone (GVZ), a state-of-the-art centre for understanding recycling, up-cycling, innovation and startups. The GVZ will showcase final products crafted from recycled and up-cycled materials, featuring exhibition halls hosting national and international events centred around environmental themes.

Finance Secretary Marasini expressed gratitude to the Korean government for the partnership, which will enhance the friendly relations between the two countries.

On the occasion, Ambassador Park highlighted the opportunities of this initiative to enable unemployed individuals with enhanced skills, to establish green ventures, and contribute to the economic growth of the country. He further emphasised that the project will create a new level of understanding among community people on managing waste properly.

The ceremony also commemorated the golden jubilee of diplomatic ties between Nepal and RoK.

Expressing the similarities between the two countries, the ambassador stated that Nepal is a priority country for development cooperation and he assured to further strengthen the cooperation and friendly ties between the two countries.
The Korean government has been supporting Nepal through KOICA in various areas of health, vocational training, rural development and IT since 1991. By 2023, the total amount of KOICA's support surpassed $200 million.

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