KATHMANDU: Finland has signed an agreement with Himalaya Natural Fibre Foundation (HNFF) to build an environmentally-sustainable value chain for allo (Himalayan nettle or Girardinia diversifolia) from field to district-level centre for the benefit of 39 allo producing groups (with 4500 members) of 8 VDCs in Sankhuwasabha, Solukhumbu, and Bhojpur Districts of Eastern Nepal.
Issuing a press statement on Thursday, Finland Embassy in Kathmandu informed about the deal.
This project is for 2 years starting from mid April 2012 with a total budget of NPR 17,408,299, out of which Finland embassy contributes only 45%.
This is a very cost effective project which aims 85% of the allocated directly to project activities in the field, reads the press statement.
Finland is supporting Nepal continuously since 1974.
Since last five years, Nepal is one of the seven long-term partner countries of Finland under its development cooperation.