15 September 2024, Kathmandu
The Government of Nepal has appointed Mr. Sushil Gyewali as the new Chief Executive Officer (CEO) of the Investment Board Nepal (IBN).
Mr. Gyewali, an accomplished urban planner, brings a wealth of expertise in infrastructure development, public-private partnerships (PPP), and project execution.
His extensive experience and leadership have earned him a stellar reputation for executing large-scale projects efficiently.
Mr. Gyewali’s career includes notable tenures as the CEO of the National Reconstruction Authority and as a member of the National Planning Commission. His work in these positions reflects a deep understanding of planning, governance, and the importance of timely execution in public infrastructure projects.
Upon assuming office today, Mr. Gyewali expressed gratitude to the officials at IBN for the warm welcome and emphasized the importance of collective efforts across political and organizational levels to realize large-scale, strategic investments within a defined time frame.
His commitment to enhancing Nepal’s investment landscape will be critical in attracting foreign investments and implementing significant national projects.
The Investment Board Nepal has extended its best wishes to Mr. Gyewali, confident that his leadership will drive strategic investment and infrastructure development in the country.
Key Takeaways:
- New Appointment: Sushil Gyewali is the newly appointed CEO of Investment Board Nepal.
- Experience: Gyewali is an urban planner with experience in public-private partnerships, infrastructure planning, and reconstruction.
- Vision: Focus on collective efforts to bring large investments to Nepal promptly.
Sushil Gyewali Urges Political Consensus and Private Sector Collaboration at Nepal Infrastructure Summit 2024
The newly appointed Chief Executive Officer of the Investment Board Nepal (IBN), Mr. Sushil Gyewali, addressed the closing ceremony of the 5th edition of the Nepal Infrastructure Summit, held in Kathmandu today. During his speech, Mr. Gyewali stressed the importance of political consensus on large-scale, strategic infrastructure projects to ensure timely execution. He called on the investor community to collaborate with the Investment Board Nepal to mobilize significant investments for Nepal’s infrastructure development.
Mr. Gyewali also highlighted the critical role of public-private partnerships (PPP) in bridging Nepal’s infrastructure gap. He encouraged both domestic and international investors to explore opportunities within Nepal’s growing infrastructure sector, emphasizing the government’s commitment to supporting private-sector engagement.
At a plenary session titled “Private Sector Engagement,” held yesterday, Mr. Pradyumna Prasad Upadhyay, Joint Secretary of the Investment Board Nepal, presented key statistics on the PPP projects and investments approved by IBN since its inception in 2011. He highlighted the need for additional private investments to meet Nepal’s ambitious infrastructure development goals. Mr. Upadhyay pointed out that while progress has been made, there remains a significant infrastructure gap that requires a concerted effort from both the government and private investors.
The two-day summit, which concluded today, was organized by the Confederation of Nepalese Industries (CNI) in collaboration with the Ministry of Physical Infrastructure and Transport. The event was co-organized by the Investment Board Nepal and the Youth Community for Nepalese Contractors (YCNC), bringing together key stakeholders to discuss infrastructure development, investment opportunities, and strategies for accelerating growth.
