IBN, Dabur Nepal sign a contract allowing for an additional Rs. 9.68 bn in investment

KATHMANDU: Dabur Nepal and the Investment Board Nepal (IBN) signed a contract on Thursday, paving the way for the multinational corporation to make additional investments totaling Rs. 9.68 billion in its projects.

The money from Dabur Nepal will be reinvested in the company’s projects for product diversification, capacity building, and project development, operation, and management. Sushil Bhatta, the chief executive officer of the IBN, and Harkirat Singh Bedi, the business head of Dabur Nepal, signed a memorandum of understanding to this effect.

Earlier on February 8, the IBN gave Dabur Nepal permission to invest the aforementioned sum in the company’s manufacturing facilities in Nepal. The company has been aiming to increase its capacity, primarily in the production of beverages, including fruit juice.

Dabur Nepal owns 97.5% of Dabur International Limited, and Nepali investor Rukma Shumsher Rana is the owner of the final 5% of the company. A 5 point 34% portion of Nepal’s total export revenue is made up of Dabur products.