Kathmandu, Aug 4: Chief Executive Officer of the
Investment Board of Nepal (IBN) Maha Prasad Adhikari Thursday informed that the
Board was planning to prepare a project bank of large infrastructure projects.
Speaking at an interaction programme organized by
the Confederation of Nepalese Industries (CNI) here, Adhikari said that in
order to attract domestic and foreign investment in the infrastructure
projects, IBN had started the process to prepare the project bank.
“The board has given high priority to agriculture,
highways, hydroelectricity, large industries, health, tourism, mining, airport
and information technology and it will work to promote investment in those
areas,” he said.
President of CNI Hari Bhakta Sharma said that
without massive investment in infrastructure project, it would be difficult to
achieve economic development.
“Therefore, the CNI is going to organize an
infrastructure summit in December this year with an aim to attract foreign
investment,” he informed.
He suggested the IBN to find out the reasons behind
poor foreign direct investment in the country and resolve the hurdles that
discouraged investment.
Businesspersons have urged the Board to facilitate
domestic investment and update the projects that were on the floor.
The CNI has been organizing such interactions in
order to inform the policy makers and stakeholders about the policy, practical
and implementation level hurdles to the economic development and find out their
potential solutions.
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