Preparations complete for Nepal Investment Summit 2017

Kathmandu / March 1: Preparations for the Nepal Investment Summit 2017 which kicks off tomorrow have been completed, the Ministry of Industry stated today.

The two-day summit is being organised by the Ministry of Industry with the objective of inviting foreign investment in nine key sectors that form the backbone of the country’s development.

The Ministry has stated that different working papers would be presented in the thematic sessions as energy, infrastructure, tourism, information communications technology, financial sector, mines and minerals, agriculture and forest products, in the summit.

Minister for Industry Nabindra Raj Joshi informed the media today that all preparations have been completed for the summit which aims to promote Nepal as an attractive investment destination.

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is scheduled to inaugurate the summit.

Finance Minister of India, Arun Jaitley is the keynote speaker at the summit. President of the Asian Infrastructure Investment Bank, Mr Jin Liqun is also participating, according to the Ministry.

Minister Joshi shared that around 250 institutional and individual investors from 24 countries including India, China, Bangladesh, Sri Lanka, Singapore, Hong Kong, Malaysia, Australia, France, Italy, Japan America, Russia, Canada, Britain, South Korea, Finland, Iran, Turkey and Vietnam have confirmed their participation in the summit.

The highest number of participants in the summit is from China. Representatives of 89 famous companies of China are attending the event. Similarly, representatives of 21 companies from India, 20 companies from Sri Lanka, 14 companies from Malaysia, 13 companies from Japan, 12 companies from Canada, 10 companies from Hong Kong, eight companies each from Britain, South Korea and Vietnam, seven companies from Russia and six companies from United States of America will participate in the summit.

Likewise, some 300 domestic investors, policy-makers and experts will also participate. The Ministry has expected commitment for investment of approximately Rs 100 billion from different investors during the summit.

The Ministry also plans to form the Policy Reform Committee, the Project Bank Revision Committee, the Industrial Promotion Committee and the Comprehensive Coordination Committee for the effective implementation of the commitments and the decisions made at the summit

Arrangements have also been made for a special information room for the investors, mutual meetings among the investors and a meeting between the government and the investors in course of the summit. RSS