Project Bank to Attract Infrastructure Investments: CNI

August 5: The Confederation of Nepalese Industries (CNI) has concluded third series of CNI discussion on August 4. The program was organised with an aim to discuss about the policy hassels, practice and level of implementation related to economic development with government agencies and find out the solutions to address these problems. Maha Prasad Adhikari, Chief Executive Office of Investment Board was participated as a guest in the third series of CNI discussion.

Speaking at the program, Hari Bhakta Sharma, President of CNI explained that the real journey of economical development doesn’t start until the investment in infrastructure is increased. He also urged the board to cooperate in infrastructure conference that is going to be organised by CNI on December. President Sharma, on the occasion said that though foreign investment is necessary for the economical development, satisfying amount of foreign investment is lacking till date. So he urged investment board to make an effort to find out the reasons behind lack of satisfying amount of foreign investment.

Addressing the question raised in the discussion, Chief Executive Officer of Investment Board Maha Prasad Adhikari informed that the Board in order to attract investment in infrastructure will establishing project bank  to search the investors. Adhikari informed that the board is making an action plan to promote the investment in the prioritize  sectors including  agriculture, highway, hydropower project, large industry, health, tourism, mineral exploration, the airport and the information technology.

CNI officials, members of governing council, members of national council along with industrialist were participated in the discussion that was concluded in a chairmanship of CNI President Sharma. According to the entrepreneurs participating in the discussion the working area of the board should be broaden, not only foreign investment but local investment should also be facilitated and the status of projects in operation should also be updated.