IBN signs agreement with Malaysian company for chemical fertilizer factory
September 27, 2023 | 10:25 pm
Kathmandu / Sept 27: The Investment Board, Nepal and a Malaysian company have signed an agreement to conduct a feasibility study to establish a chemical fertilizer factory in Nepal.
IBN Chief Executive Officer Sushil Bhatta and Re-Nicola’s Managing Director Bomhidi Abdelali signed the contract from their respective sides amidst a programme on Wednesday. Re-Nicola is a Malaysian company.
Issuing a press release, IBN shared that the agreement was reached to establish a chemical fertiliser factory- green ammonia and calcium ammonium nitrate. As per the agreement, Re-Nicola is obliged to submit a detailed feasibility study within 24 months of agreement.
The chemical fertilizer factory would be established at Abukhaireni of Tanahu district. RSS