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Nepal govt. forms a committee to evaluate investment proposals

KATHMANDU: A mechanism has been formed under the coordination of Secretary looking after the financial and physical infrastructures at the Prime Minister’s Office in order to evaluate the proposal submitted in the area Nepal showcased during the recent investment summit. The meeting of the Investment Board formed the five-member committee.

The committee comprises joint secretary each from the Ministry of Physical Infrastructures and Transport, Ministry of Energy, Hydropower and Irrigation, Ministry of Industry, Commerce and Supply, and from the Board.

The meeting also gave approval to the concerned bodies to proceed with the project proposals. The deadline for the submission 0f the proposal has been extended for one more month counting from April 20, said Spokesperson of the Board, Balaraj Rijyal.

While presiding over the meeting, Board Chairman and Prime Minister KP Sharma Oli thanked everyone for the success of the summit that encouraged investors in Nepal. The event remained a significant moment to work for country’s economic development, the PM reminded. He also directed all bodies concerned to implement the investment proposal setting priorities. The bodies concerned were also directed to complete the construction of well equipped international convention centre in the Kathmandu Valley within five months.

Executive Director of the Board, Maha Prasad Adhikari, informed the meeting about the investment proposals Nepal has received, and the measures Nepal could take on these. The meeting was attended by Board Vice-Chairman and Finance Minister Dr Yubaraj Khatiwada, Foreign Minister Pradeep Gyawali, Energy Minister Barsha Man Pun among others.

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