Kathmandu, Dec. 27: With an aim to promoting Nepal
The summit is being organised to attract investment in five priority
areas – agriculture, energy, road, railways and aviation, industrial zones and
information technology, Minister for Finance
Dr
He said that the government had identified bankable projects in
those areas and will attract foreign investors, banks and financial
institutions and domestic investors to invest in them.
The government also aims at materialising the investment intent
expressed by the foreign investors during the Nepal Investment Summit 2017 and
attracting more investors with the second Investment Summit.
According to the Investment Board of Nepal (IBN), more than dozen of
ready-to-invest projects of different sectors will be showcased at the summit,
and the government has given priority to police reforms – primarily in Foreign
Investment Act, PPP and Investment Act, Intellectual Property Act and other
investment related laws.
Multiple plenary sessions will be organised on investment
opportunities in Nepal ,
investing in Nepal
IBN Chief Executive Officer Maha Prasad Adhikari said that there
were significant progresses post-2017 summit.
“The government has received concrete recommendations in terms of
improving the investment climate and the laws have been duly amended. Likewise,
Memorandum of Understandings (MoUs) have been signed for about Rs. 275
billion,” he said.
According to him, most of the MoUs were on hydroelectricity projects.
The summit will be jointly organised by the IBN, Ministry of
Finance, Ministry of Industry, Commerce and Supplies and Ministry of Foreign
Affairs. Private sector organisations Federations of Nepalese Chambers of
Commerce and Industry , Nepal
Prime Minister KP Sharma Oli will inaugurate the conference.
Published in The Rising Nepal daily on 28 December 2018.
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