IBN to launch its strategic plan on 10th anniversary

Kathmandu, Sept. 6

Investment Board Nepal (IBN) is set to launch its five year Strategic Plan (2021-26) with business schemes on the occasion of its 10^th anniversary.

The one-door agency established to facilitate investment in large projects is celebrating the 10^th anniversary on Wednesday with the slogan of ‘10 Years of Investment Board Nepal: Partnership for Economic Prosperity’. The board was established in 2011.

In the past one decade the board has signed Project Development Agreement with Huaxin Cement, Hongshi-Shivam Cement, and Arun-III and Upper Karnali Hydropower Project. Likewise, approval is given to nine projects including in hydropower, cable car, vehicle manufacturing, industrial park, and freight and logistic station.

The 10^th anniversary programme scheduled for Wednesday afternoon will be inaugurated by Prime Minister and Chairman of the IBN, Sher Bahadur Deuba. He will unveil Nepal Investment Guide, 2021 and Coffee Table book on the occasion.

Minister for Finance and Vice-Chairman of the IBN, Janardan Sharma, Minister for Energy, Water Resources and Irrigation, Pampha Bhusal, Chief Executive Officer of the IBN, Sushil Bhatta, World Bank’s Regional Director (Infrastructure), Guangzhe Chen, British Ambassador to Nepal, Nicola Pollitt, Chairman of World Association of PPP Units and PPP Professional, Zuad Alexandre Hayek, Chairman and Managing Director of SJVN Ltd, India, Nanda Lal Sharma, and Chairman of Hong Kong Red Lion No. 3 Co., Zhang Ziaohua, will address the inaugural session of the celebration programme.

The IBN will felicitate various personalities including the developers of the projects facilitated by the board, development partners and other stakeholders.

Two discussion sessions will be organised on sustainable infrastructure development and Public Private Partnership (PPP).

Through the discussions, the IBN aims to identify the possibilities of green infrastructure in Nepal, challenges of the current legal regime, potential and challenges of PPP projects, and development and management of large projects.

Deputy Spokesperson of the IBN, Ramesh Adhikari, said that the anniversary would be organised physically while participation of high dignitaries would also be made via digital platforms as well.

Published in The Rising Nepal daily on 7 September 2021.