KATHMANDU: The government of Nepal is set to present a total of 66 projects ranging from Rs 640 million to Rs 350 billion for investment during the Nepal Investment Summit 2019 to be held in Kathmandu from March 29-30.
The government has recognized eight energy-based big projects for achieving prosperity. Energy, physical infrastructure, agriculture, information technology, industry, health and education and tourism are the areas of the special focus for investment.
Nalgadh Hydropower Project; AR-6; Sunkoshi II and III; Tamor Water Reservoir Project; West Seti; Lower Arun; and SR-6 have been listed as projects for joint-venture.
According to the Nepal Investment Board, the list of projects worth Rs 3.1 trillion was finalized this Sunday. The Board owns up the responsibility of coordinating the summit. The Board will inform the summit about latest progress about the 456-megawatt Upper Tamakoshi Hydroelectricity Project.
This time, investors will be provided a complete package about projects, instead of sharing information only on theoretical aspects as the government is determined to make it a promising one. This summit will be different from the past one, Board CEO Maha Prasad Adhikari said.
Prime Minister KP Oli has been invited for the inauguration of the summit. Similarly, ministers of different ministries and industrialists would brief about Nepal’s recent situation and investment environment.
The Federal Parliament has passed the Public-Private Partnership and Investment Bill with an objective of creating easy and smooth environment to foreign investors. Similarly, the Federal Parliament has already passed Bill to amend and integrate laws related to foreign investment and technology transfer, Bill designed to amend Special Economic Zone Act-2073.
Projects like East-West Electric Rail, Kathmandu-Pokhara Railway, Kathmandu Metro Rail and Gautam Buddha International Maternity Hospital would be presented as ‘showcase’ in the summit.
Similarly, projects–Trishuli Galchhi, Upper Chameliya, Myagdi Khola are also the attractive projects. Service would be provided to investors through single point at the Investment Board with an objective of providing easy service to them.
A total of 173 billion in foreign investment has been brought in within seven months of the current fiscal year.
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