Kathmandu, June 29 -- If all goes as planned, Nepal will begin exporting buffalo meat to China next June, with a daily target of 5,000 tonnes, according to meat industry representatives.

"It's been a week since we received approval for Chinese investment worth nearly Rs9.5 billion [RMB 500 million]. The investors are arriving this Sunday, after which we'll submit an application to the Investment Board Nepal for final approval," said Navin Kumar Sharma, chairman of Himalayan Food International.

The investment for the ambitious project will be delivered in three phases.

Last December, China expanded trade opportunities beyond traditional handicrafts-Nepal's primary export to its northern neighbour for decades-by opening its market to wat...