KATHMANDU: The Ministry of Industry (MOI) jointly with Investment Board of Nepal (IBN) is organizing the Nepal Investment Summit 2017 with a theme “Harnessing Investment Opportunities in Nepal” on 2nd and 3rd March 2017 in Kathmandu in collaboration with other government agencies as well as leading private sector organisations of Nepal. The Summit is set to be a marquee event, which aims to promote Nepal as the attractive investment destination for the next decade.
The Summit is expected to be used as a platform to showcase Nepal’s investment opportunities, especially to large scale investors looking to explore opportunities in new destinations. The Summit is expected to be attended by over 300 national and international delegates. Senior political leaders, high level decision making authorities of the government, prominent business personalities and crucial development partners will also address the Summit on various themes by sharing their experience and enlightening the audience on the way forward.
In an effort to make the summit really effective, the government is also working on amendments of some crucial Acts such as Company Act, SEZ Act, Industrial Enterprises Act, Mines and Minerals Regulation, New Foreign Investment Policy, Integrated Intellectual Property Rights policy and Mines and Minerals policy.
The key priority sectors identified for the Summit are energy, infrastructure, information communication & technology (ICT), agriculture, financial sector, mines and minerals, health, education, and tourism.
The Summit also aims at informing international community about the ongoing legal and administrative reforms carried out by the government in order to make the country an attractive investment destination. Announcements on the intent to do business in Nepal, signing of agreements at business level and between countries to create better business climate, promulgation/amendment of business related laws in Nepal are some of the outcomes that are expected to be achieved during the Summit.
A high-level National Steering Committee led by Hon’ble Minister for Industry Nabindra Raj Joshi, with representatives from both the public and private sector has been formed. Similarly, a Working Level Committee led by Yam Kumari Khatiwada, Joint-Secretary at the Ministry of Industry, has been formed. The Office of the Investment Board has been designated as the Summit’s Secretariat.