KATHMANDU: The Nepal Investment Summit 2017 has kicked off today in the Capital with Prime Minister Pushpa Kamal Dahal lighting the traditional 'panas' in the inauguration ceremony.

Addressing the inaugural of the two-day event, PM Dahal stated that peace and development were interconnected, adding that the government was focused on creating conducive investment opportunities.

PM Dahal stated that the government was ready to shift its attention from the political instability to economic development.

Nepali Congress President Sher Bahadur Deuba underlined that there was a need of clean and sustainable economy in this era of climate change, adding that Nepal could improve from sectors like tourism.

He invited the investors from all over the world to come to Nepal and invest in various projects.

Another Nepali Congress leader and former Minister for Finance Ram Sharan Mahat also stated that Nepal offered enormous opportunities for the investors and time to start a new renaissance of development.

According to the Ministry of Industry, the two-day summit would be able to harness the investment potential of the country and help lure foreign investment.

The MoI said it was optimistic to achieve the target set to draw USD 1 billion investment pledge in Nepal from the event.

Heads of different multinational companies and development partners working in Nepal, along with over 250 foreign investors from almost 24 nations like India, China, United States, Australia, Japan, Turkey, Sri Lanka, Singapore, Russia, United Kingdom, Finland, South Korea and Vietnam, among others and 300 domestic investors are participating in Summit.

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