CIT to focus its big chunk of investment in big infrastructure projects

Published On: March 18, 2023 07:19 PM NPT By: Republica  | @RepublicaNepal


CIT to focus its big chunk of investment in big infrastructure projects

KATHMANDU, March 18: The Citizen Investment Trust (CIT) has said it will inject huge investment in the development of infrastructure of the country.

Speaking at a program organised to mark the 33rd anniversary of the trust, the CIT Board Chairman Surya Bahadur Thapa said they will give priority to investment in the productive sector including agriculture, tourism, energy and infrastructure. “The initiative could help support the economic growth of the country,” he said.

Executive Director of the CIT Raman Nepal said they will keep in view the national pride projects and national priority projects that ensure security and high rate of returns of their investment that they will make in future. According to him, the CIT has mobilized net deposits worth Rs 206.19 billion by mid-January this fiscal year.

As of now, the CIT has incorporated over 800,000 employees in its 12 programs. It maintains a paid-up capital of Rs 4.25 billion. 

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