March 29: The Nepal Investment Summit organised by the government to attract foreign investment kicked off in Kathmandu on Friday, March 29.

The two-day summit was inaugurated by Prime Minster KP Sharma Oli at Soaltee Crowne Plaza in Kathmandu amid a function.

Nepal will be presenting a total 77 projects including 50 from the government and 27 from the private sector during the summit which will conclude on Saturday.

The government has beefed up security in Kathmandu for the summit.

Finance Minister Yuba Raj Khatiwada informed that more than 600 investors along with high-ranking officials from 40 countries are attending the summit

Minister Khatiwada delivered the welcome remarks and also informed about the programme and areas of investment for development and prosperity in Nepal.

The government is reportedly organising this summit to attain its goal of economic prosperity, which it has been championing ever since the formation of a majority government following last year’s elections.