Kathmandu: The Nepal Development Public Limited (NDPL) has decided to invest in large and employment-generating projects by expanding the scope of investment and collaborating with government, national, international, and non-governmental funds through public-private partnerships.
According to National News Agency Nepal, the company’s first annual general meeting held today decided to increase investments not only in large urban projects with potential such as hydropower, tourism, and information technology, but also in agriculture, domestic, small and medium industries to create employment in rural areas, and to establish separate structures named NDP Venture and NDP Developer to invest in PEVC as well as urban infrastructure and housing sectors.
Presenting the company’s first annual report at the general meeting, the company’s chairman and President of the Federation of Nepalese Chambers of Commerce and Industry, Chandra Dhakal, stated that the company has made various efforts to diversify investments and manage risks by developing different systems to organize and secure its investments.
He stated that given the current special situation, the morale of entrepreneurs has declined and it may take time for them to be ready for further investment, so it is necessary for the state to guarantee the security of entrepreneurs and businesses and to create an investment-friendly environment.
The NDPL Chairman said that NDPL can play a special role in bringing the sluggish economy back on track, increasing production and employment, boosting the morale of entrepreneurs and businesspeople, and advancing the country on the path of economic development and prosperity.
Chairman Dhakal also urged all industrialists, businessmen, and non-resident Nepalis to invest through the company and contribute to the country’s economic prosperity and development.
The company, established a year ago, has a total capital of Rs 10 billion. Currently, this company has 246 shareholders from 46 districts.
NDPL has been established by pooling scattered capital to increase production and create employment, with investments from small to large entrepreneurs/businessmen across all 77 districts of the country, as well as the non-resident Nepalis.
This company was established with involvement of the FNCCI, the Confederation of Nepalese Industries, Nepal Chamber of Commerce, Non-Resident Nepali Association, and the members affiliated with them.