Nepalese government will organise an international investment conference to attract more foreign direct investment (FDI), Nepal’s industry ministry said yesterday.
Themed as “Harnessing Investment Opportunities in Nepal,” the conference will be held in Kathmandu on March 2-3 next year, Xinhua news agency reported.
The government planned to organise the event to inform the foreign investors about Nepal’s legal structure regarding foreign investment and make political parties to commit for creating favourable investment environment for foreign investors and their investment security, according to a press release of the ministry.
“Leaders of all the political parties will commit to investment security of foreign investors which will help build confidence among the international community,” said Industry Minister Nabindra Raj Joshi.
Nepal has recently introduced new policy on foreign investment, new industrial enterprise law and special economic zone law by offering more attractive incentives to the foreign investors.
The Nepal government is also working on to introduce new foreign investment and technology transfer law by opening more sectors for foreign investment and offering more incentives, according the ministry officials.
In the last fiscal year 2015-16 that ended in mid-July, Nepal received FDI worth $44mn only, according to Nepal Rastra Bank, central bank of Nepal.
During the conference, discussions will be held in the areas such as energy, infrastructure, information and communication technologies, tourism, financial sector, mining sector, agro processing and the manufacturing industries, according to the ministry.
Around 300 participants are expected to join the event, according to the ministry.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Free bus rides driving safer births for Nepali women
Nepal embarks on ‘rhino diplomacy’ with rare gift to China
3 die in Nepal landslide
Nepal embarks on 'rhino diplomacy' with rare gift to China
17 killed, three missing in landslides, floods in Nepal
Oli: Rail link to enhance connectivity with China
China, Nepal to build Tibet-Kathmandu rail link
Nepal PM to seek investment on first official China trip
Mt Everest, high-altitude rubbish dump