Kathmandu, January 22

Minister for Industry Nabindra Raj Joshi has informed that numerous international firms including some big multinational companies have expressed interest to participate in the upcoming Nepal Investment Summit to be held in March.

The government is holding Nepal Investment Summit on March 2 and 3 to promote investment in Nepal.

“We are overwhelmed by the interest that international groups and communities have shown to participate in the summit. The interest shown by some big multinational companies to participate in the event has motivated the government to make the event a milestone for industrial growth in Nepal,” Joshi said at a press meet held in the Capital today.

The government has an ambitious target to draw over $1 billion of foreign direct investment from the summit and attract at least 300 international visitors.

MoI has said that the summit also aims to disseminate a message to international communities and investors that investment climate in the country has improved and the major agenda of the government is economic prosperity through industrial growth.

Minister Joshi informed that MoI is mulling to endorse different pending acts like Company Act, Intellectual Property Act and Foreign Investment and Technology Transfer Act from the parliament soon. A few months back the government had passed the Special Economic Zone Act and Industrial Enterprise Act.

Meanwhile, MoI is organising an allo campaign on February 17 across 58 districts to promote allo production. In a bid to facilitate allo farmers, MoI is also installing allo processing centres in 22 districts of the country.