Panchkhal SEZ DPR to Be Ready in 10 Months

Nepal’s Investment Board and Nepal Hehe Economic Development Zone Company Ltd have reached an agreement to prepare the Detailed Project Report (DPR) for the Panchkhal Special Economic Zone (SEZ).

The two sides signed a memorandum of understanding (MoU) on Monday to prepare the DPR for the SEZ to be developed in Panchkhal, Kavrepalanchok. Investment Board Nepal (IBN) CEO Sushil Bhatta and Yin Liubing, the authorised representative of Nepal Hehe Economic Development Zone Company Ltd, signed the MoU on behalf of their respective organisations.

As per the agreement, the proposing company will submit the DPR to the IBN within 10 months after receiving the survey permit from the board.

Chhatra Bahadur Katuwal, executive director of the Special Economic Zone Authority, said the authority would extend full support to the project. IBN CEO Bhatta expressed confidence that the DPR would be completed on time and that the project would move forward by meeting all required standards.

Nepal Hehe Economic Development Zone Company Ltd is a wholly owned subsidiary of Hehehui Group Company Ltd, established under Chinese law. The company submitted the proposal for the development and operation of the Panchkhal SEZ under a public–private partnership model to the IBN on April 10, 2025. The 65th board meeting of IBN approved the proposal and decided to sign the MoU and grant the survey permit.

According to the SEZ Authority, the feasibility study of the zone has already been completed. Following the MoU, work will now proceed to prepare the DPR, which is expected to require an investment of Rs 1.57 billion. The feasibility study has indicated that the SEZ can accommodate 52 production units (plots) and generate 2,600 direct jobs.