IOC shows interest in investing in fertilizer factory
Summary
Indian Oil Corporation has shown interest in investing in Nepal's long-planned chemical fertilizer factory to address shortages during planting seasons amid government efforts to advance the project.
Key Points
- Indian Oil Corporation (IOC) has expressed interest in investing in Nepal's chemical fertilizer factory project.
- Prime Minister KP Sharma Oli discussed fertilizer supply issues and advancing the factory project with key ministers and officials.
- The estimated cost for setting up the fertilizer factory is over NPR 10 billion, requiring foreign and private sector investment.
- A committee is reviewing feasibility studies, with challenges including investment, raw material supply, and managerial capacity being addressed.
