MoU signed between board & federation to promote investment

KATHMANDU: MARCH. 27 – A Memorandum of Understanding (MoU) has been signed between the Board of Investment and the Federation of Nepalese Chambers of Commerce and Industry to promote external and internal investment.

On Sunday, the agreement was reached during a program held at the Investment Board’s premises. The Memorandum of Understanding (MoU) was signed by CEO Sushil Bhatt and FNCCI President Shekhar Golchha.

According to the Investment Board Office, the MoU specifies what will be done to attract internal and external investment to Nepal.

Finance Minister Janardan Sharma stated on the occasion that an investment plan should be prepared so that the project itself can repay the loan.

“Planning costs money,” he said. The project should be able to earn and repay the loan. That’s the decent thing to do, and it should end there. ”

Bhatta, CEO of the board, lamented that the Auditor General had started writing inaccurately saying that the investment was not in line with the commitment.

Speaking on the occasion, FNCCI chairperson Shekhar Golchha stated that the country’s main problem is a lack of funds. He stated that the agreement reached with the board would be critical in increasing investment.