Investment Board Faces Shortage of Staff and Budget, Says Official
Summary
The Investment Board is facing an acute shortage of staff and budget, slowing project studies and development despite a growing pipeline of investments. Officials say most approved projects are in hydropower and industry, while new proposals include data centers, an iron mine, and several foreign investment targets.
Key Points
- Investment Board Deputy Secretary Navinraj Singh told parliament that the board lacks enough manpower and budget to handle its expanding workload.
- Out of 53 ongoing projects, most are in hydropower, with Lower Arun making relatively good progress and Upper Karnali moving slowly due to financial management issues.
- The board has sent 37 project profiles to diplomatic missions and embassies to attract foreign investment.
- New proposals include data centers, the Dhaubadi iron mine under a PPP model, and several projects awaiting investment approval.
