Nepal Investment Summit slated for March
Kathmandu, December 27
In yet another attempt to grab the attention of global investors, the government is preparing to host the ‘Nepal Investment Summit 2019’ in the Capital on March 29 and 30 next year.
Primarily intended to showcase the improved business climate of the country in recent years to potential investors, the event will focus on transforming the political and policy stability into trust among the domestic and international business fraternity, informed Finance Minister Yubaraj Khatiwada, addressing a media conference today.
As per Khatiwada, the two-day conference will include discussions and deliberations that will dwell on investment potential in basically five sectors — agriculture commercialisation, infrastructure (road, rail and aviation), manufacturing, energy and information technology.
“Along with showcasing our business environment and potential projects for investment, we will also focus on insights and opinions from experts and potential investors on capitalising on Nepal’s plans and initiatives for long-term sustainable development,” mentioned Khatiwada.
The finance minister also informed that a number of policy reforms have been made in the last few years in a bid to facilitate businesses while more than a dozen business related policies will be amended in the next few months. “We have been making business policies and laws more contextual taking feedback and suggestions from the business community.
All these policy reforms and developments will be highlighted to the international community through the event,” said Khatiwada.
He further informed all pending business related policies of the government and amendments of existing policies will be completed before the investment summit.
On the occasion, Maha Prasad Adhikari, chief executive officer of Investment Board Nepal (IBN), informed that the board has been seeking different investment viable projects from all seven provinces. “Along with the project bank that IBN has already prepared, we will also showcase viable projects recommended by provincial governments at the summit,” he said.
The Ministry of Finance has informed that the conference will have participation of potential foreign investors, non-resident Nepalis, development partners, international financial firms, diplomats, high-level government officials from Nepal and neighbouring nations and diplomats, among others.
The conference will have a plenary session on different issues including investment opportunities in Nepal, investing in Nepal and experience sharing, among others. Similarly, parallel sessions at the conference will have discussions and deliberations on subjects including energy, industry, ICT, tourism, infrastructure, agriculture and forestry.