Investment Board Nepal

𝗜𝗕𝗡 𝗮𝗻𝗱 𝗦𝗮𝗺𝗿𝗮𝘁 𝗖𝗲𝗺𝗲𝗻𝘁 𝗣𝘃𝘁. 𝗟𝘁𝗱. 𝗦𝗶𝗴𝗻 𝗠𝗼𝗨 𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 We are pleased to announce that the Investment Board Nepal (IBN) and Samrat Cement Pvt. Ltd. have signed a Memorandum of Understanding (MoU) to officially commence the project implementation process during a ceremony held today at the IBN office. The MoU was signed by Mr. Sushil Gyewali, CEO of IBN and Mr. Anil Kumar Rungta, Chairman of Samrat Cement Pvt. Ltd. This collaboration follows the approval of NPR 15 billion in investment for the company by the 44th Board meeting of IBN. During the ceremony, Mr. Gyewali extended his congratulations to Samrat Cement on its expansion plans and reaffirmed IBN's commitment to providing steadfast support to investors throughout their investment cycle. In his remarks, Mr. Rungta emphasized that Samrat Cement leverages cutting-edge technology in its manufacturing facilities and is dedicated to environmentally friendly production practices.

🌏 𝗖𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗶𝗻𝗴 𝟱𝟬 𝗬𝗲𝗮𝗿𝘀 𝗼𝗳 𝗡𝗲𝗽𝗮𝗹-𝗞𝗼𝗿𝗲𝗮 𝗗𝗶𝗽𝗹𝗼𝗺𝗮𝘁𝗶𝗰 𝗧𝗶𝗲𝘀 𝘄𝗶𝘁𝗵 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀  On the occasion of the 50th Anniversary of diplomatic ties between the Republic of Korea and Nepal, several significant events were organized in Korea to deepen bilateral cooperation: ✍️ Historic Agreement Signed: On December 19, 2024, during the Nepal-Korea Business Forum organized in Seoul by the Ministry of Trade, Industry and Energy (MOTIE), Republic of Korea; Korea Chamber of Commerce and Industry (KCCI); Ministry of Industry, Commerce and Supplies (MoICS), Nepal; and the Embassy of Nepal in Seoul, the Trade and Investment Promotion Framework (TIPF) was signed by Mr Damodar Bhandari, Minister for Industry, Commerce, and Supplies, Nepal, and his counterpart, Mr. Inkyo Cheong, Minister for Trade, Republic of Korea. 🏢 Investment & Trade Seminars in Korea: On December 16 and 19, 2024, the Investment Board Nepal (IBN) and the Embassy of Nepal in Seoul, in collaboration with KCCI and Busan Chamber of Commerce and Industry (BCCI), successfully hosted seminars on Investment and Trade Opportunities in Nepal in Busan and Seoul. The Nepalese delegation featured:  Mr. Damodar Bhandari, Minister, MoICS Mr. Sushil Gyewali, CEO of IBN Mr. Baburam Adhikari, Joint Secretary, MoICS Mr. Chandra Prasad Dhakal, Chairman, FNCCI Mr. Ganesh Karki, President, IPPAN Government officials and over 25 prominent business leaders from various sectors. 🌟 𝗞𝗲𝘆 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀 & 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 🤝 B2B Networking Sessions: Over 150 Korean and Nepalese business leaders participated in B2B meetings in Busan and Seoul, fostering partnerships across sectors such as energy, transportation, tourism, urban infrastructure, education, healthcare and more. ✍️ Memorandum of Understanding (MoU): An MoU between FNCCI and KOIMA was signed, enhancing trade relations and promoting bilateral business activities. 📊 Presentations & Discussions: • Mr. Sushil Gyewali (IBN CEO) presented Nepal’s Investment Climate and Opportunities. • Mr. Baburam Adhikari (MoICS Joint Secretary) discussed Nepal’s Trade Strategy and Policy. • Mr. Hong Suk Choi (Senior Officer, Korea Eximbank) explained the EDCF Procurement System. • Mr. Byoung Youp Lee (General Manager, KIND) presented on Catalyzing Partnership for Impactful Growth. 🎙️ Panel Discussion: Moderated by IBN CEO Mr. Sushil Gyewali, the panel featured distinguished leaders, including: • Mr. Kiran P. Saakha, (President, Nepal-Korea (RoK) Chamber of Commerce & Industry)  • Mr. Choi Heong Hoon (Director General, EDCF) • Mr. Baburam Adhikari (Joint Secretary, MoICS) • Mr. Chandra Dhakal (Chairman, FNCCI) • Mr. Pashupati Dev Pandey (President, Nepal Garment Association) • Ms. Shanta Banskota Koirala (Vice President, Federation of Export Entrepreneurs Nepal) #NepalKoreaPartnership #50YearsDiplomacy #InvestInNepal

The 60th meeting of the Investment Board Nepal, chaired by the Rt. Hon’ble Prime Minister and Chair of the Board, Mr. K.P. Sharma Oli, concluded yesterday at the Office of the Prime Minister and Council of Ministers. Among other key decisions, the Board approved: ✅ NPR 141 billion investment in three hydroelectric projects. ✅ Induction of SJVN and IREDA as equity and debt investors in the 900 MW Upper Karnali Hydropower Project and its associated Karnali Transmission Line. ✅ Expansion of the West Seti Hydropower Project’s capacity from 750 MW to 800 MW. Read more: https://lnkd.in/gAj8qdha

IBN CEO Mr. Sushil Gyewali recently presented a certificate of appreciation to Mr. Nirmal ( Nimsdai) Purja for his remarkable contributions to positioning Nepal as a top adventure tourism destination. His achievements inspire explorers worldwide and highlight Nepal’s vast potential for tourism investment. At Investment Board Nepal, we look forward to building on this momentum to attract investment that supports sustainable growth in our tourism sector. Thank you, Nirmal Purja, for elevating Nepal’s profile on the global stage!

The newly appointed CEO of the Investment Board Nepal, Mr. Sushil Gyewali, addressed the closing ceremony of the 5th edition of the Nepal Infrastructure Summit held in Kathmandu today. Speaking at the event, Mr. Gyewali emphasized the need for political consensus on strategic projects and urged the investor community to collaborate with IBN to mobilize large investments in infrastructure development in Nepal. In a plenary session titled "Private Sector Engagement" held yesterday at the Summit, Joint Secretary of the Investment Board Nepal, Mr. Pradyumna Prasad Upadhyay, highlighted the statistics of PPP projects and investments approved by IBN since its establishment in 2011. He further emphasized the need to mobilize additional private investments to bridge the infrastructure gap in the country. The two-day summit, which concluded today, was organized by the Confederation of Nepalese Industries and the Ministry of Physical Infrastructure and Transport, and co-organized by the Investment Board Nepal and Youth Community for Nepalese Contractors (YCNC).

The Government of Nepal has appointed Mr. Sushil Gyewali as the new Chief Executive Officer of the Investment Board Nepal. Mr. Gyewali, an urban planner by training, has an excellent track record and extensive experience in planning and executing infrastructure projects, as well as implementing public-private partnerships (PPP), among other initiatives. He previously served as the Chief Executive Officer of the National Reconstruction Authority and as a member of the National Planning Commission. Assuming office today, Mr. Gyewali thanked the IBN officials for the warm welcome and emphasized the need for concerted efforts from the political to the organizational level to successfully materialize large and strategic investments in a time-bound manner. The Office of the Investment Board Nepal heartily welcomes the newly appointed CEO and wishes him a successful tenure. 👏

The Office of the Investment Board Nepal bade farewell to the outgoing CEO, Mr. Sushil Bhatta today. During his four-year tenure, Mr. Bhatta inducted the IBN's first-ever strategic blueprint, IBN Project Bank Guideline, various knowledge products, PPP project development and management practices, and investment promotion activities, including the flagship Nepal Investment Summit 2024. His tenure marks outstanding achievements in the areas of institutional development, project execution and facilitation as well as collaborations and partnerships. The Office thanks and congratulates Mr. Bhatta on his successful completion of the tenure and wishes him the best for his future endeavors.

Investment Board Nepal CEO, Mr. Sushil Bhatta submits Performance Contract Report of FY 2080/81 to Right Hon'ble Prime Minister and Chairperson of Investment Board Nepal, Mr. KP Sharma Oli, today. Receiving the Report, Right Hon'ble Prime Minister underlined the urgency of enhancing Public Private Partnership (PPP) in infrastructure development.

Investment Board Nepal CEO, Mr. Sushil Bhatta, addressed an interaction program with Nepali diplomatic missions abroad and representatives from the domestic business community yesterday. During the session, OIBN Undersecretary Mr. Ramesh Adhikari presented on the achievements of the Third Nepal Investment Summit 2024, the current state of Foreign Direct Investment in Nepal, investment potentials, and the expectations from our diplomatic missions. The program was graced by the presence of Deputy Prime Minister and Minister of Foreign Affairs, Mr. Narayan Kaji Shrestha, along with Secretaries from the Ministry of Foreign Affairs and the Ministry of Industry, Commerce, and Supplies.

NHPC Ltd. India has submitted the Draft Detailed Project Report (Draft DPR) of West Seti Hydroelectric Project to the Office of the Investment Board Nepal (OIBN) today. Receiving the Draft DPR Investment Board Nepal CEO, Mr. Sushil Bhatta hailed NHPC's dedication in timely completion of project's Draft DPR. OIBN had issued the Survey License to the latter on October 20, 2022.