Nepal is on the path of generating economic prosperity by creating robust legal and policy frameworks aimed at providing a conducive business environment for the private sector as one of the main pillars of economic development. With socio-economic development as a single-most priority, the Government of Nepal aims to graduate from a least developed country to a upper-middle-income country by achieving Sustainable Development Goals (SDGs) by 2030, and a high-income country by 2043. To realize this, the Government has emphasized private sector investments in national priority sectors to support accelerated economic growth to double digit levels.
For accelerating industrialization and employment generation, it is important to attract domestic and foreign investment on physical infrastructure and the expansion of service sector. In this regard, Investment Board (IB) has continued its efforts in the implementation of mega projects by attracting investment for the country’s development.
The significance of this organization has been recognized by its initiatives on project development, implementation, construction, and operation through attracting investment in the past 10 years period. In order to implement Nepal's goal of transformation and development, it is essential to make a proper use of foreign capital, technology, knowledge and skills.
As a nodal agency for Public Private Partnership (PPP) and investment promotion, the IB provides fast-track and one stop services for investment facilitation in PPP as well as direct investment in Nepal. The role of IB in identifying areas of Nepal’s economic potential, projects of comparative advantage, development, resource management and facilitation, and coordination and cooperation in project implementation is equally important to garner domestic and foreign private sector investment in developing large infrastructure and service sector in Nepal.
I believe IB will provide fast, predictable and timely service and information based on technology to the investors and developers through the institutional reforms, project development and management, investment promotion, and cooperation and networking. In this regard, I would like to call on all investors and private sector to invest in Nepal and, assure that the Government of Nepal will provide the assistance required.