The Investment Board Nepal and Dabur Nepal on Thursday signed a Memorandum of Understanding for reinvestment on projects for construction, operation and management of projects for capacity enhancement and diversification of goods on the private investment model.

Sushil Bhatta, chief executive officer at the Investment Board Nepal, and Harkirat Singh Bedi, business head at Dabur Nepal, signed the agreement in the presence of the Minister for Industry, Commerce and Supplies Ramesh Rijal, also a member of the investment board.

The 49th meeting of the board on February 8 last year approved the investment for the capacity enhancement and product diversification of industries.

There will be an additional investment of Rs9.68 billion according to the Capacity Enhancement and Diversification Project presented by Dabur Nepal.

Rijal said that foreign investors curious to invest in Nepal can make decisions by listening to those who have been investing in the
country and observing the businesses in operation.