KATHMANDU, Sept 29: Indian company NHPC submitted an application to the Investment Board Nepal (IBN) on Tuesday for a survey permit for the West Seti Hydroelectric Project. The officials of the company submitted the application to Sushil Bhatta, chief executive officer of the IBN on Tuesday.
KATHMANDU, March 28: Finance Minister Janardan Sharma has said that it is necessary to raise investment in big projects. Speaking at a Memorandum of Understanding (MoU) signing ceremony between Investment Board Nepal and Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on cooperation in raising domestic capital and attracting foreign investment on Sunday, he suggested the officials select the projects that are worthwhile.
KATHMANDU, March 30: Minister for Physical Infrastructure and Transport Raghubir Mahaseth said that Nepal is expecting to complete Detail Project Reports of Kathmandu-Kerung and Kathmandu-Raxual railways within one year.
KATHMANDU, March 29: The Nepal Investment Summit 2019 is currently underway at Hotel Soaltee in the capital. As part of the summit, the first plenary session titled "Investment opportunities in Nepal" is now going on. Various speakers are delivering presentations during the session chaired by Foreign Minister Pradeep Kumar Gyawali.
KATHMANDU, March 28: The government has pledged to set up one-stop service units for investors at the earliest aiming to provide easy and fast services. The units to be set up at the Investment Board Nepal and the Department of Industry aim to eliminate bureaucratic hassles and delays.
KATHMANDU, March 13: The Finance Committee of parliament has concluded that a five-year cooling period should be fixed for the CEO of Investment Board Nepal (IBN) to join any company and project implemented by the board.
KATHMANDU, Nov 26: Investment Board Nepal (IBN) has decided to issue survey licenses for building two solar power plants -- one of 150 MW in Lomanthang of Mustang district and the other of 125 MW in Chilime of Rasuwa district -- to Dolma Fund Management, a European developer.
KATHMANDU, Sept 20: Delay in building infrastructure like access road and electricity supply, among others, have affected many development projects. One example is Hongshi Shivam Cement Pvt Ltd in Nawalparasi.