With an aim to encourage investment in Nepal, the Government of Nepal is hosting the Nepal Investment Summit 2019 on March 29-30, 2019.
The two-day conference is aimed at promoting Nepal as a promising investment destination.
“The main objective of the event is to project Nepal as a favorable investment destination by unveiling potential opportunities for investment in sectors such as Energy, Tourism, Industry, Transport Infrastructure, Information and Communication Technology and Agriculture,” the government said in an official release.
As per the release, the government is planning to utilize this forum to announce a range of policy reforms and incentives to attract investors.
The Summit will provide a platform for global investors to deepen their understanding of the investment environment and opportunities in Nepal, adds the release.
Overall, the Summit is expecting around 500 participants, including 257 foreign delegates from 21 participating countries and singing of 13.7 billion worth Letter of Intents.
Just days before the Nepal Investment Summit, Nepal Prime Minister KP Sharma Oli is considering reshuffling and changing the portfolio of ministers in his Cabinet.
Since a few months, both the Nepal Communist Party Chairs Oli and Pushpa Kumar Dahal have been facing criticism over their government’s performance.
Following this, the NCP Chairs are being pressurized to remove any non-performing ministers.
According to NCP party leaders, the reshuffle may be done before the Nepal Investment Summit at the end of March, 2019 as it would create a positive impact on donors, investors and development partners, participating in the summit.
The Oli administration had planned to make the investment summit a grand success but has failed to do get positive response.
Important development stakeholders are skeptical about the country’s investment climate, lack of policy reforms and issues related to corruption.
Considering all these issues, there is constant pressure on Oli to recreate a solid cabinet with efficient ministers.