15 July 2011 Last updated at 00:04 GMT

The Official Launch of The Lumbini Project

On July 15, 2011，The Asia Pacific Exchange and Cooperation Foundation (APECF) and the United Nations Industrial Development Organization (UNIDO) signed the "Memorandum of Understanding” in support for the Lumbini Project and “Assisting the Framework Design of Lumbini (Nepal) Special Development Zone".

This indicates the official launch of the Lumbini Project.

Hu Yuandong (left), Director of the United Nations Industrial Development Organization (UNIDO) and Xiao Wunan (right), Executive Vice Chairman of APECF