Industrial Promotion Board (IBP) has approved investment worthy of NRs26 billion (NRs20.5 billion as FDI) in cement, hydropower, and hotel sectors. Most are for increasing paid-up capital. The IPB allowed Dolma Impact Fund (Mauritius) to purchase 320,000 models of stocks of Swet Ganga Hydropower and Construction Pvt Ltd at a cost of Rs 100 per unit (total NRs320 million).
Investment Board Nepal (IBN) and Ministry of Industry (MOI) are arranging a two-day investment summit (March 2-3) to showcase and promote investment potential in Nepal, in infrastructure particularly, mining, agriculture, and tourism. Nepal’s Prime Minister Pushpa Kamal Dahal is set to inaugurate the summit, that will draw about 300 foreign delegates from around 25 countries.
Indian Finance Minister Arun Jaitley and president of Asian Infrastructure Investment Bank or investment company (AIIB) Jin Liqun are also attending the summit. The government is promoting projects such as a chemical fertilizer seed, East-West railways, Kathmandu-Kulekhani-Hetauda tunnel highway, Second AIRPORT TERMINAL at Nijgadh, East-West electric Railway, Kathmandu Valley metro task, Kathmandu-Pokhara railway task, and Tamakoshi-3 hydropower task. Additionally, the Federal government also intends to attract foreign investment in around 20 mines in the united states that have debris of limestone, copper, zinc, and iron ore.
Construction of SEZs at Simara, Panchkhal, Biratnagar, Kapilvastu, Jumla, and Dhangadi will also be floated. 113.9 million in FY2012. 68.9 million). Investor confidence is steadily recovering, following the normalization of supplies especially, improved power supply, and approval of key legislation and procedures (Industrial Enterprises Act, Special Economic Zones Act, Financial, …