KATHMANDU, August 26: The Confederation of Nepalese Industries (CNI) is organizing the Nepal Infrastructure Summit (NIS) – 2022 on September 8 in Kathmandu.
Indian Minister of State General Vijay Kumar Singh will be participating in the upcoming Nepal Infrastructure Summit scheduled for September 8-9, 2022 as the guest of honor.
According to the Confederation of Nepalese Industries (CNI), Minister of State for the Ministry of Road Transport and Highways and Ministry of Civil Aviation, Singh consented to join the two-day conference during the recent India visit of the CNI President Vishnu Kumar Agrawal. The Ministry of Physical Infrastructure and Transport has already sent State Minister Singh with an official invitation for the conference that is kicking off on September 8 in Kathmandu.
Nepal has been facing serious problems in infrastructure development, which has led to high cost of doing business and eroded the competitiveness of Nepali industries in the international market. The CNI is organizing this year’s summit under the theme ‘Infrastructure for Growth’.
A major bottleneck in Nepal’s infrastructure development has been seen due to lack of coordination among different government authorities. Mostly, this problem is apparent in road maintenance regarding the issues like related to underground cables, pipeline of drinking water and sewage pipes, among others.
For developing a hydropower project, approvals are required from seven ministries and 23 departments along with a need to follow 36 acts. The logistics cost in Nepal is one of the highest in the region, with road transport being the primary source of logistics.
The Indian success stories to be shared in the upcoming mega event is expected to facilitate the Nepali policy makers and entrepreneurs to work differently towards infrastructure development in the country, reads a CNI issued press release.
The gathering, which is claimed to be one of the largest of its type in the country’s infrastructure event, is expected to draw more than 1,000 delegates from more than 25 countries.