The Koshi Province Government is set to organize an Investment Summit on May 1 and May 2. During the event, the government plans to showcase investment projects worth Rs 139 billion across various sectors.
The summit will highlight investment opportunities across key sectors including agriculture, industry, tourism, infrastructure, energy, information technology, and waste management.
According to Dr. Saroj Koirala, Executive Director of the Investment Authority, a total of 54 projects will be presented for discussion. These include nine projects each in agriculture and industry, 15 in tourism, 14 in infrastructure, three in energy, and two each in IT and waste management.
The investment conference is set to bring projects worth a total of Rs 65.4 billion rupees in the industrial sector and Rs 35.97 billion in the tourism sector. The provincial government has entered the final phase of preparation for the conference, aiming to attract both domestic and foreign investors. The provincial government has set a target of attracting 100 billion rupees in investments through this conference.
Koshi Province’s Minister for Internal Affairs and Law, Revati Raman Bhandari, stated that the government is working on amending 12 existing laws and introducing two new ones in the provincial assembly to create a more investor-friendly environment. Following the announcement of the summit dates, discussions with former chief ministers of the province commenced on Tuesday.
Chief Minister Hikmat Kumar Karki on Tuesday held consultations with former chief ministers, including Bhim Acharya and Uddhav Thapa, to discuss the potential, opportunities, and challenges of the investment summit. Former leaders and key government officials expressed their commitment to ensuring the success of the event.
During the discussions, Karki acknowledged the challenges in strengthening the provincial structure but emphasized that the summit is a crucial step toward making Koshi Province investment-friendly. He assured that any issues arising in the process would be addressed promptly.
Former Chief Minister Thapa stressed the need to amend provincial and federal laws to create a more conducive environment for investors. He suggested coordinating with the federal government to revise complex legal provisions and recommended tax incentives where feasible.
Meanwhile, former Chief Minister Acharya underscored the importance of introducing innovative projects, particularly in water resources, forestry, and mining, to maximize economic benefits. He called for prioritizing projects that generate employment and boost production, pledging his full support to the provincial government’s efforts.
