IBN Brings Out Strategic Plan, Targets To Attract $ 10 Bln FDI In 5 Years

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The Investment Board of Nepal (IBN) has unveiled a strategic plan for 5 years (2078-2082 BS) targeting to attract foreign investment worth $ 10 billion in the next 5 years.

The plan was unveiled by the Chairman of the IBN and Prime Minister Sher Bahadur Deuba at a ceremony held to mark the 10th anniversary of IBN on Wednesday.

The plan has set out 5 vital objectives for the 5 years. The strategic plan aims to approve $ 10 billion in 5 years, managing private-public partnership projects worth $ 6 billion, creation of 100 thousand employment opportunities, improvement of investment environment by effective promotion, and development of IBN as a center of excellence for public-private partnership.

The board has also introduced a four-pillar plan, which comprises of management and development of the project, investment promotion, institutional development, and coordination, cooperation and partnership future to drive Nepal into an attractive destination for economic prosperity.

The investment board has also brought forth “Nepal Investment Guide 2021′ and “Coffee Table Book”.

Prime Minister Sher Bahadur Deuba inaugurated the ceremony while World Bank Regional Director (Infrastructure) Guangzhe Chen, UK Ambassador to Nepal Nicola Pollitt, Chairman of World Association of PPP units and PPP Professionals Ziad Alexandre Hayek, Chairman and Managing Director of SJVN Ltd India, Nanda Lal Sharma, and Managing Director of Hongshi Shivam Cement, on behalf of Chairman of Hong Kong Red Lion No. 3 Ltd, also addressed the event.

Source : TRN,