Nepal Investment Summit 2017 concluded in Kathmandu

The Nepal Investment Summit concluded in Kathmandu on 3 March 2017. The two-day long summit was inaugurated by the Prime Minister of Nepal Pushpa Kamal Dahal with an objective to project Nepal as an attractive investment destination.The Finance Minister of India Arun Jaitley and the President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun attended the summit. In his speech, Arun Jaitley shared India’s experience in reforming its economy and attracting foreign direct investment (FDI). Investors from Nepal’s northern neighbour China alone signed LoIs with the government to inject $8.3 billion in different sectors. Investors from Bangladesh have pledged to invest $2.4 billion, investors from Japan and the United Kingdom have signed LoIs to bring $1 billion investment each, while Sri Lankan and Indian investors have pledged to invest $500 million and $317 million, respectively.He also stated that India and Nepal share deep-rooted historical, cultural and religious ties which have enabled extensive cooperation in trade and economic fields between the two countries.This was the first investment summit in Kathmandu since the promulgation of the Constitution in 2015.The aim of the summit was to project Nepal as an attractive investment destination and to explore possibilities of foreign investment in the country.Around 250 delegates from more than 20 countries, including India, participated in the summit. The summit provided national and international investors as well as development partners an opportunity to learn about Nepal’s investment scenario, regulatory environment and sectors open for investment.The summit was organised by the Ministry of Industry in association with the Investment Board of Nepal.

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