Investment Summit concludes with 1400b FDI commitment; Vietnam pledges to cooperate in agro development and tourism

Kathmandu / March 3: The two-day-long ‘Nepal Investment Summit’ organized in the capital city with a purpose to attract foreign direct investment (FDI) ended Friday, receiving 13.52 billion US Dollars investment in Nepal.

Organizing a news conference after the conclusion of the Summit, Industry Minister Nabindra Raj Joshi said that the investors who participated in the Summit were excited to invest in Nepal.

During the two-day-long event, separate papers were presented on energy, infrastructure, tourism, information technology, financial sector, mines and minerals, agriculture and forest products, and so on.

It is said that the number of Chinese investors was the highest among the foreign participants. The Chinese investors have also pledged to invest Rs 830 billion in Nepal while Bangladeshi investors made commitment of Rs 200 billion.

Similarly, Indian, Japanese, British, Sri Lankan and Malaysian foreign investors have also pledged a huge amount of investment in Nepal.

After the successful completion of the Summit, the Chief Executive Officer of the Investment Board of Nepal, Maha Prasad Adhikari, assured to make environment for implementing the commitments.

Vietnam wants to cooperate with Nepal in agro development, tourism: Vietnam official

Meanwhile, Agricultural country, Vietnam, has said it was eager to cooperate with Nepal in developing agriculture and promoting tourism in the country.

Addressing a programme organised in the Capital on Friday by Nepal-Vietnam Chamber of Commerce and Industry (NVCCI), Vietnam Deputy Foreign Affairs Minister said his country wants to collaborate with Nepal for the development of economic-social sector in the country.

Saying Nepal, the birth place of Gautam Buddha, is in the heart and mind of Vietnams, he added that Vietnam wants to share its expertise and experiences gained in modern agriculture system and hydropower with Nepal.

He also said Nepal is a main tourist destination for Vietnamese and for that, it is essential to set up direct flights between Vietnam and Nepal.

“I also held a discussion for cooperation and development partnership between two countries during my courtesy call on Prime Minister Pushpa Kamal Dahal today morning. We are encouraged by this meeting,” he said.

Also on the occasion, Nepali honorary consul Rajesh Kaji Shrestha stressed the need for Nepal to learn a lesson of achievements gained by Vietnam in information and technology.

Likewise, NVCCI President Dipak Malhotra said the NVCCI is active in expanding mutual cooperation between Nepal and Vietnam in industry and commerce. RSS