Investors summit on 2nd and 3rd March

Kathmandu, Dec. 9

The government has decided to hold an Investment Summit in Kathmandu on the 2^nd and 3^rd of March 2017, with the objective of luring foreign investors by promoting various business and investment opportunities in the country.

A meeting held at the Ministry of Industry, which was chaired by Minister Nabindra Raj Joshi, made the decision on Friday to hold the two-day conference on the business potential and opportunities in Nepal.

Minister Joshi also chairs the Summit Steering Committee.

The meeting finalised the slogan of the conference, namely 'Harnessing investment opportunities in Nepal'.

Investment sectors with high yield potential, such as energy and infrastructure, information and communication technology, tourism, financial sector, mines and minerals, and agro-processing industry will be discussed in the summit.

The government is planning to invite some big multinational companies and international companies that have invested in Nepal.

"We hope that about 300 foreign investors will participate in the summit," said minister Joshi.

He said that the main objective of organising the summit was to build confidence in foreign investors about the political commitment to creating an investment climate, and administrative and legal structure in Nepal.

"For sustainable economic prosperity of the Nepali people, foreign investment can play a very crucial role. Therefore, we want to send the message to the potential foreign investors that they will have investment security in Nepal," he said.

According to minister Joshi, top-most leaders of all the political parties will pledge their commitment to investment security, which would help to instill confidence in the investors.

He said that the government was planning to present the economic picture of the country in 2030 at the summit, and has urged all the political parties to extend their support in preparing the legal structure required for foreign investment before the summit.

Minister Joshi has been promoting the investment summit as one of his major agendas.

"As we need to create thousands of jobs within the country, foreign investment is the best alternative," he said.