High-level team visits industrial infrastructures of three provinces

KATHMANDU : A high-level team of Nepal government led by Honorable Minister for Industry, Commerce and Supply Mr. Lekh Raj Bhatta recently inspected various industrial infrastructures in Bagmati, Lumbini and Sudurpaschim provinces. Other members of the team were Industry Secretary Mr. Chandra Kumar Ghimire, Commerce Secretary Mr. Baikuntha Aryal and CEO of Office of the Investment Board Nepal Mr. Sushil Bhatta. The team observed the sites of dry ports, industrial estates, industrial villages and proposed Special Economic Zone (SEZ) in Kanchanpur, Kailali, Banke, Rupandehi and Chitwan on 30th October-4th November.…

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IBN and IDML Collaboration for Industrial Area Development

KATHMANDU: Chief Executive Officer (CEO) of the Office of the Investment Board Nepal (OIBN) Mr. Sushil Bhatta had a meeting with Chairperson of the Industrial Development and Management Limited (IDML) Mr. Nanda Kishor Basnet to discuss collaboration and coordination between the two government agencies. In the meeting, held at the OIBN on November 20, 2020, Mr. Basnet said IBN and the IDML should collaborate on bringing in suitable investors for the development of industrial areas across the country. “We have secured land and necessary infrastructure for investors, and IBN can…

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Asian Development Bank approves $150m loan to upgrade two international airports in Nepal

Asian Development Bank approves $150m loan to upgrade two international airports in Nepal From The Kathmandu Post This will be the largest funding package the multilateral agency has given to Nepal’s civil aviation sector so far. The Asian Development Bank has approved a $150 million concessional loan to improve the capacity of Tribhuvan International Airport and Gautam Buddha Airport in Nepal. This will be the largest funding package the multilateral agency has given to Nepal’s civil aviation sector so far. The Nepal government will chip in $48 million for the…

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“COVID-19 can be an opportunity for the growth of startups in Nepal”

Mr. Mahesh Murthy is an innovative investor, entrepreneur, and speaker. Mr. Murthy founded Passionfund, Seedfund, and Pinstorm to invest in and guide startups. Seedfund, India’s leading venture capital, was twice voted ‘India’s best early-stage fund’ by an independent publication surveying Limited Partners in 2010 and 2013. A multiple award-winning creative writer and director, Mr. Murthy won the ‘Asia Best Commercial of the Decade’ award. Mr. Murthy has delivered a number of keynote speeches in various countries on startup businesses. Talking to IBN Dispatch, the monthly newsletter of Investment Board Nepal…

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Huaxin’s construction work moves smoothly

Kathmandu Amid the COVID-19 crisis, Huaxin Cement Narayani has completed earth excavation, around 98 percent of concreting, manufactured 91.5 percent of the steel structures and non-standard equipment, and erected 48 percent of steel structures and equipment installations in the process of constructing the factory in Talti, Dhading. According to the latest update provided by the project, they have submitted the supplementary Initial Environmental Examination (IEE) including the private and public land required by the company to the Department of Industry (DoI) on October 10. The project got the mining scheme…

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Investment worth Rs 38.68 billion approved for three projects

KATHMANDU: The 45th meeting of Investment Board Nepal (IBN) was held under the chairmanship of the Right Honorable Prime Minister and IBN’s chairman Mr. K.P Sharma Oli, on 10th November. The meeting convened in Baluwatar, Kathmandu approved investment worth Rs 38.68 billion for three hydropower projects to be implemented under Public-Private Partnership (PPP) modality. The meeting granted approval for investment worth Rs 17624 million for 77.5-MW Ghumsakhola Hydropower Project, Rs 10619.1 million for 57-MW Himchuli Dordi Hydropower Project and Rs 10436 million worth of investment for 65-MW Dudhkhola Hydropower Project.…

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IBN approves investment worth NPR 185.43 billion

KATHMANDU: The 44th meeting of Investment Board Nepal (IBN) was held in Baluwatar under the chairmanship of the Right Honorable Prime Minister and Chairman of IBN Mr. K. P. Sharma Oli on June 19, 2020. The meeting approved NPR 185.43 billion worth of investment for a total of seven projects. The meeting approved investments worth NPR 78.65 billion for the 327 MW Upper Marshyangdi Hydropower-2 Project, NPR 6.3 billion for the 42.9 MW Ankhukhola Hydropower Project, NPR 10.31 billion for the 57.3 MW Myagdi Khola Hydropower Project, NPR 13.57 billion…

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OIBN interacts with MPs representing palpa district

KATHMANDU: On August 9, the Office of the Investment Board Nepal (OIBN) organized an interaction with the people’s representatives from Palpa district to discuss issues regarding the Hongshi Shivam Cement project. The project’s mining site is located at Nisdi Rural Municipality of Palpa district while the plant is in Nawalparasi (East) district. Senior officials of OIBN led by CEO Mr. Sushil Bhatta interacted with Honorable Mr. Dal Bahadur Rana, a member of the Federal Parliament; Honorable Mr. Narayan Acharya, a member of the Provincial Assembly; Mr. Radha Krishna Timilsina, a…

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