The Nepali government has formed four separate sub-committees to make the investment in year 2012/ 13 a grand success.

A meeting of the Investment Board (IB) held Monday at the Prime Minister's Office (PMO) decided to launch an extensive publicity campaign in a bid to create an investment-friendly environment. The meeting was presided over by Prime Minister Baburam Bhattarai.

Following the meeting, Executive Director of the IB Radhesh Pant informed journalists that the Program Sub-committee was formed under the coordination of secretary at the PMO Lilamani Paudel; and the Investment Promotion Sub-committee was formed under the chair of Suraj Vaidya, the President of the Federation of Nepalese Chambers of Commerce and Industry.

Similarly, the meeting also decided to form a sub-committee chaired by Pant for the selection and identification of investments and a sub-committee relating to act/regulations and strategy led by Vice-Chairman of the National Planning Commission, Dipendra Bahadur Chhetri.

As part of preparations for the investment year, different programs, interactions and publicity programs would be organized in the next six months.

Pant said preparations are underway to sign Memorandum of Understandings for building eight to 10 big projects with the strategy to double the foreign and domestic investments.

Nepali Prime Minister, Minister for Finance, economists and government secretaries attended the meeting.