Nepal Investment Summit-2017 kicks off

Nepal Investment Summit-2017 kicks off


By Gopal Nepal on March 2, 2017National

Kathmandu, March-2-2017 | Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said it is inevitable to bring in foreign direct investment for the country’s economic development.

Inaugurating the Nepal Investment Summit-2017 in the capital today, he asserted that the government is putting in every possible effort for creating environment conducive to foreign investment. The Prime Minister said that peace and prosperity complemented each other and that the Summit has been organised to promote Nepal as a foreign investment destination. The private sector would get a suitable opportunity only when there is political stability and harmony among the political parties, he said and expressed the commitment to bring appropriate policies and laws and make the environment suitable. Nepali Congress president Sher Bahadur Deuba on the occasion urged the international investors to invest in Nepal, expressing the belief that the potential areas of the country could be developed in collaboration with the foreign investors believing in open economy. He also spoke of the need to promote tourism working together with the two big neighbouring countries of Nepal and called on the government to take initiatives for the same. President Deuba opined for prioritizing the private sector by forwarding the second phase economic transformation along with securing the investment capital.
Similarly, CPN (UML) chair and former Prime Minister K P Sharma Oli committed to create investment friendly environment from the side of main opposition leader in the parliament. He further urged all to create investment friendly environment in the country.

Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara urged to invest in various sectors as different areas are appropriate for the same. He assured to manage energy and reform the policy level.  Minister Mahara added that the government has set up the project bank to increase the investment sharing that the government is ready to facilitating in each sector for the same. Likewise, Minister for Industry Nabindra Raj Joshi shared that the Summit will help create suitable environment for foreign investment which will promote youth employment. He urged the investors to invest in agriculture, tourism and other sectors as well.  According to Joshi, government will create an environment to set up the industries even permitting the investors to take profit from their businesses and industries in the invested currency. Former Finance Minister Dr Ram Sharan Mahat said Nepal has adopted economic liberalization with the restoration of democracy. The restoration of democracy here promoted the increase of investment in education, health, social and infrastructure development sectors he said.

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun said the infrastructure building programmes are introduced to accelerate the development endeavors and have the regional coordination in such efforts bearing in mind the trend of globalization. The AIIB that is committed to implementing the development works as per the interests of the people by increasing the investments in socio-economic sector. Chief Executive Officer of Investment Board Nepal, Mahaprasad Adhikari said presently Nepal offered a good opportunity for foreign investment. Over 250 investors from India, China, Bangladesh, Sri Lanka, Singapore, Hong Kong, Malaysia, America, Russia and Canada are taking part in the Summit.