Chandannath to host Investment Promotion Conference

Kathmandu, Aug. 26:

Chandannath Municipality in Jumla district is organising an investment promotion conference in order to attract investment in the remote district of Karnali Province.

The one-day conference being organised on 14 September will be the first ever programme organised in any local unit to promote investment in the country.

“We are organising an investment summit for the first time at the local level. Though it is being organised at the initiation of Chandannath Municipality, the conference aims at promoting investment in the whole of Jumla district as well as for the development and progress of the entire Karnali Province,” Mayor of Chandannath Kantika Sejuwal said at a press conference organised in Kathmandu to announce the conference on Sunday.

The event will be organised at the Karnali Technical School of Jumla.

According to Sejuwal, the conference has high symbolic meaning in the Karnali region, which has long remained underdeveloped and is lagging behind in Human Development Index and physical infrastructure creation.

“As the country has moved to the federal structure, the local governments have a responsibility of creating equal opportunities for the people, offering effective and easy services and creating quality development initiative, therefore, we need more resources as well as employment opportunities for the people,” she said.

Finance Minister Dr. Yuba Raj Khatiwada will address the conference, which will also witness deliberations from the vice-chairman of the National Planning Commission (NPC) Dr. Pushpa Kandel and Member Min Bahadur Shahi.

Sejuwal said that businessmen and industrialists, high-government officials and representatives of banks and financial institutions will participate in the conference.

The conference will hold intensive discussion on the investment opportunities in Jumla while experts will present papers on the potential of agriculture, tourism and non-forest products sectors.

“We hope that the interested investors will make a basic observation about the investment potential in Jumla,” said Sejuwal.

The conference is being organised with the theme ‘Exhibition of Development Capacity’, and is supported by the Ministry of Industry, Commerce and Supplies, and Ministry of Federal Affairs and General Administration.

Published in The Rising Nepal daily on August 27, 2018.