December 28: The government of Nepal is organising Nepal Investment Summit in coming March to promote Nepal as an attractive destination for foreign investment.

The Investment Board of Nepal said in a statement that the Ministry of Finance, the Ministry of Supplies and the Ministry of Foreign Affairs will be collaborating with the board to organise the summit from March 29-30.

The government is preparing for a presentation on the environment of investment in Nepal, the country’s policy on investment and the possible areas of investment during the summit. Discussions will be held on topics like investment opportunities in Nepal, electricity generation in the next 10 years for economic transformation of Nepal, digitalization of information and technology, development of tourism and pilgrimage destinations and sustainable development of transportation infrastructure, according to the IBN statement.

During a press conference organized by the Ministry of Finance on Thursday to inform about the summit, Finance Minister Yuba Raj Khatiwada said that the investors would be informed of political changes in Nepal. He further said that there has been improvement in investment climate after the 2016 Investment Summit and there are potential new areas of investment in the changed regional and global context.

According to the statement, the previous investment summit held two years ago was instrumental in signing projects with a total investment of around Rs 275 billion and most of them are hydropower projects. The statement further said that 23 companies have shown interests on feasibility study of the projects and some of them have already submitted proposals.

Prime Minister KP Sharma Oli is scheduled to inaugurate the summit while the finance minister heads the preparation committee which includes vice chair of the National Planning Commission as well as  government secretaries and representatives from the private sector.