Nepal to host ‘Investment Summit’ to foster foreign direct investment

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Kathmandu: In a proactive move to attract foreign direct investment (FDI) and showcase Nepal as a lucrative investment destination, the government has announced the upcoming Investment Summit scheduled to take place on April 21-22, 2024.

To ensure the success of the summit, a preparatory committee has been established, with Finance Minister Dr. Prakash Sharan Mahat at the helm of coordination.

Sushil Bhatta, Chief Executive Officer of Investment Board Nepal, has been appointed as the member secretary of the committee, overseeing the coordination efforts.

The Investment Board Nepal is set to spearhead the coordination work for the summit, and a dedicated coordination committee has been formed under the purview of the main committee. Preparations for the summit have already commenced, reflecting the government’s commitment to creating a conducive environment for foreign investment.

This initiative follows the success of previous investment summits organized by the government, held in the months of Falgun (mid-February to mid-March) in 2073 BS and Chaitra (mid-March to mid-April) in 2075 BS.

The summit aims to bring together development partners, friendly countries, and potential foreign investors, providing a platform for discussions, networking, and presentations on the investment opportunities that Nepal has to offer.

The government is keen on leveraging the event to showcase the country’s economic potential and attract international interest and investment.

As the global economic landscape evolves, Nepal seeks to position itself as an attractive destination for foreign investors, offering not only economic opportunities but also fostering collaboration and partnership with the international community.

The Investment Summit stands as a testament to the government’s commitment to driving economic growth through strategic partnerships and foreign direct investment.