Saturday, March 4, 2017

Foundation of prosperous Nepal: Minister Joshi

Kathmandu, Mar. 3:
Minister for Industry Nabindra Raj Joshi termed the success of the Investment Summit as the foundation of a prosperous Nepal.
"It's a beginning of a journey towards prosperous Nepal. By attracting more investment, we can create myriads of opportunities in the country," said the Minister who appeared more confident with the FDI intent of about Rs. 1.34 trillion.
The government was hoping to harness the commitment of about Rs. 100 billion rupees only from the Summit.
According to him, there is no political threat to the investors.
Leaders of three major political parties, including the main opposition CPN-UML, had expressed their commitment to give high priority to investment, both domestic and foreign, and assured their support to promoting and facilitating investment in the infrastructure and other pertinent sectors which is a must for the country to fulfill its infrastructure gap and lead the country to the middle income country by 2030.
"My dream is to provide employment opportunity to every youth in the country. We have the potential to have them here but we failed to do so since we continuously missed the opportunities to attract investment," he said.
He stated that the world was standing on the wall and watching, but it had jumped to invest in Nepal therefore the country needed to work hard to keep the aspirations of the investors alive.
"I would like send message to the investors around the world that the opportunity has knocked on their door and those who open it first will be benefitted," Joshi said in a press conference at the sideline of the Summit.
The two-day conference, organised after two-and-a-half decades, was attended by 775 delegates including 285 foreign investors, experts and businessmen.
The conference witnessed plenary sessions on investment opportunities, investing in Nepal – experience sharing and international experience sharing, and six moderated panel discussions on energy and industrial infrastructure, information and communication technology, tourism, financial sector, agriculture and forestry, and mines and minerals.

Secretary at the Ministry of Industry Shankar Koirala said that the government was planning to hold such event in every three years. 

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