KATHMANDU, AUGUST 10
Prime Minister Sher Bahadur Deuba has said the government is committed to carry out reforms that encourage and attract investors.
He appreciated the works carried out by the Investment Board Nepal to fulfil infrastructure needs for sustainable development.
At a programme organised by the IBN here today, PM Deuba directed it to accelerate implementation of projects of national importance.
Chief Executive of IBN Sushil Bhatta submitted a report of fiscal year 2021-22 to the prime minister.
PM Deuba and CEO Bhatta had inked a performance contract for 42 activities on July 17, 2021 with a focus on the four strategic pillars of investment board - project development and management, investment promotion, institution development, coordination, cooperation and partnership. The performance report has included the progress made in line with the strategic pillars.
In the last financial year, investment worth more than Rs 122 billion had been approved, a five-year strategic plan including a business plan had been approved and implemented.
Similarly, the study work related to the development structure of West Seti and Seti River-6 joint hydropower project (project structuring) was completed. Also, various systems like project bank management information system (PBMIS), one stop service (OSS) were developed. Investment promotion programmes were organised nationally and internationally in coordination with various agencies.
CEO Bhatta informed that the IBN is committed to attract investment, facilitate the entire cycle of the project, and develop the office of the IBN as a PPP centre of excellence.
A version of this article appears in the print on August 11, 2022 of The Himalayan Times.
