‘Nepal Economic Summit’ from Feb 24

KATHMANDU, Feb 20:

Nepal_Economic_Summit_2014 In a bid to make Nepal a lucrative destination for investment, the government and the private sector are getting together to organize a three day long ´Nepal Economic Summit´ from February 24.

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the main organizer of the event, said that economists, successful entrepreneurs and experts on agriculture, tourism and clean energy from the USA, the UK, India, China, Japan, Malaysia, Singapore, Bangladesh, Sri Lanka, Australia, the Philippines, Germany and Thailand, among others, are scheduled to deliver their opinions and share experiences at the summit.

“The summit will play an instrumental role in creating a conducive environment for investment in the country,” FNCCI President Suraj Vaidya said at a press meet in the capital on Thursday.

He told the media that the summit would play an important role in prioritizing economic agenda. “There are policy problems regarding investment. Investors obviously seek returns. Nobody has taken the initiative to endorse the acts related to the economy and enterprises while the anti-money laundering act was endorsed by the parliament in less than 24 hours. These types of policy problems will also be discussed during the summit,” he said.

FNCCI said USAID Administrator Rajiv Shah will address the closing ceremony of the summit while Ajay S Shriram, the president designate of the Confederation of Indian Industry, who is also the chairman and senior managing director of DCM Shriram Consolidated Ltd, is also scheduled to deliver his speech at the event. Likewise, Sir Thomas Harris, the vice-chairman of Standard Chartered Bank and other high profile personalities will also be addressing the summit.

Source : Republica