IBN and IDML Collaboration for Industrial Area Development

KATHMANDU: Chief Executive Officer (CEO) of the Office of the Investment Board Nepal (OIBN) Mr. Sushil Bhatta had a meeting with Chairperson of the Industrial Development and Management Limited (IDML) Mr. Nanda Kishor Basnet to discuss collaboration and coordination between the two government agencies.

In the meeting, held at the OIBN on November 20, 2020, Mr. Basnet said IBN and the IDML should collaborate on bringing in suitable investors for the development of industrial areas across the country. “We have secured land and necessary infrastructure for investors, and IBN can now look for potential investors suited to the proposed industrial areas,” said Basnet.

He also urged the OIBN leadership to make joint plans and programs for a holistic development of the industrial areas under the government portfolio.

OIBN CEO Bhatta said IBN would take it as an opportunity to work together with IDML for exploring potential investors and developing the industrial areas. “We would like to work in close coordination with the IDML for the development of all industrial areas, and such collaboration has already begun for the development of Damak Industrial Park,” said Bhatta.

All OIBN senior officials, including Under Secretaries and consultants were present during the meeting.