KATHMANDU, August 18: The Investment Board Nepal (IBN) is in the process of approving projects worth Rs 400 billion.
In its annual report of fiscal year 2020/21 that the IBN presented to Prime Minister Sher Bahadur Deuba, the board has stated that it approved investment worth Rs 136 billion in various projects in the last fiscal year.
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According to the board, among others, the progress reports of Arun-III Hydropower Project and Huaxin Cement are encouraging while Damak Industrial Park, Dang Cement and Samrat Cement are in the process of signing agreements.
