KATHMANDU, SEPTEMBER 27
The Investment Board, Nepal (IBN) and a Malaysian company have signed an agreement for conducting a feasibility study for establishment of a chemical fertiliser factory in Nepal.
IBN Chief Executive Officer Sushil Bhatta and re- NIKOLA Sdn Bhd's Managing Director Bomhidi Abdelali signed the contract from their respective sides amidst a programme today. reNIKOLA Sdn Bhd is a Malaysian company.
Issuing a press release, IBN shared that the agreement was reached to establish a factory of chemical fertiliser - green ammonia and calcium ammonium nitrate.
As per the pact, re- NIKOLA is obliged to submit a detailed feasibility study within 24 months.
The factory would be established at Abukhaireni of Tanahu district.
A version of this article appears in the print on September 28, 2023, of The Himalayan Times
