Foreign Investors Keen on Nepal, But Implementation Lags, Says Investment Board CEO
Summary
Foreign investors remain interested in Nepal, but approved projects are not translating into ground-level implementation, according to Investment Board CEO Yangki Ukyab. She said the board is working to become a delivery unit and close the gap between approved investment, jobs, and production.
Key Points
- Investment Board CEO Yangki Ukyab said foreign investors are keen to invest in Nepal, but implementation of approved projects remains weak.
- About 1.67 trillion rupees in investment has been approved over the past 14 years, but the amount actually reaching projects remains unclear.
- Foreign interest is concentrated in tourism, hydropower, information technology, and chemical fertilizers.
- The board is seeking to streamline a long approval-and-implementation process and function more effectively as a delivery unit.
