Third Investment Summit kicks off today, govt to dangle 151 projects

Kathmandu: The Third Investment Summit is beginning today. It is being organized to bring in foreign direct investment and launch development projects for the country’s economic progress.

The government is dangling 151 projects. The event to be inaugurated by Prime Minister Pushpa Kamal Dahal ‘Prachanda’ will be attended by over 1600 investors from 55 plus countries.

Nepal Investment Board has informed that there will be 23 exhibition stalls along with detailed information on the projects in the conference. Similarly, concept notes would be called for 19 projects.

The two-day international event features 11 parallel sessions on Monday. The first day witnessed an inauguration session and two major sessions.

The investors will be provided opportunities to interact with PM Dahal and Finance Minister Barsha Man Pun in the course of the summit.

The private sector, a partner of economic development, is the event’s co-organiser.

Several noted international figures including Indian Minister for Commerce and Industry, Piyush Goyal; State Minister for UK Asia Pacific Affairs, Anne-Marie Trevelyan; Minister of State for Development and Africa, Andrew Mitchell; UNCTAD Secretary-General Rebeca Grynspan; Chairman of China International Development Cooperation Agency, Luo Zhaohui are addressing the summit.

Similarly, Vice President Chair of ADB, Yingming Yang; Acting Vice Chair of Asian Infrastructures Investment Bank, Rajit Mishra; Indian Ambassador to Nepal, Naveen Shreevastav; Executive Director of ITC India, Supratim Datta, and Senior Vice Chair of US Chamber of Commerce, Atul Keshap, also in the list to address it.

Former Prime Minister and major opposition leader Sher Bahadur Deuba, Finance Minister and summit convention committee director, Barshan Pun, and leaders of the Nepali business community will also address the event.