Investment Board To Approve $10 Billion Investment In Five Years

September 9, 2021 | Investopaper

The Investment Board aims to approve $10 billion in investment over five years. The board said it would approve $10 billion in investment over five years and manage $6 billion in public-private partnership projects. The board has unveiled the strategic plan with the same goal. Prime Minister Sher Bahadur Deuba, who is also the chairman of the board, unveiled the plan at the 10th anniversary celebration of the investment board.   

The plan is to help create at least one lakh jobs and contribute to the creation of an environment for effective investment promotion. The plan also calls for making Nepal an attractive investment destination for economic prosperity, including four-pillar projects, including project development and management, investment promotion, institutional development and coordination, cooperation and partnership. 

According to the board, the government is now mainly promoting cement and power generation. As the environment is being facilitated, Nepal is developing as an investment-friendly country. Therefore, work is being done on various projects with foreign investment at present. 

The country now has ample investment opportunities in energy, communications, agriculture, tourism, information technology, education and health, construction materials and financial sectors.     


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