The Investment Board Nepal (IBN) has begun preparations to operationalize a One Stop Service Center (OSSC) aimed at easing procedures for investors planning to invest large sums in major projects.
The initiative comes amid concerns over Nepal’s low realization of pledged investments. Government data show that while foreign direct investment (FDI) commitments worth Rs 35.13 billion were recorded in the first three months of the current fiscal year, actual inflows stood at just Rs 1.18 billion.
To streamline investor services, the IBN has appointed Joint Secretary Hemraj Tamang as coordinator of the OSSC and coordinated with 14 government agencies to designate focal persons for faster processing. These agencies include key ministries and departments such as land management, infrastructure, forests, finance-related bodies, immigration, customs, labor, electricity development, company registration, and telecommunications.
IBN Chief Executive Officer Sushil Gyewali said guidelines have been prepared to ensure effective coordination with the designated focal persons. He added that priority has been given to developing an automated system so investors can access all required services through a single window.
Established in 2011, the IBN is mandated to facilitate large-scale investments exceeding Rs 6 billion and operates under the Public Private Partnership and Investment Act, 2019. The OSSC is expected to play a key role in improving investment realization and investor confidence.
