KATHMANDU: Showcasing a total of 77 different projects worth $31.93 billion in various sectors, the government is all set to host the Nepal Investment Summit on March 29 and 30 in Kathmandu.

Themed ‘A Promising Investment Destination’, the two-day summit, aimed at demonstrating the country’s improved business atmosphere to potential foreign investors, will showcase 50 government-owned projects and 27 other projects from the private sector, according to the Investment Board Nepal (IBN).

The IBN said around 600 investors from 40 countries will participate in the summit. The summit is also aimed at attracting and convincing the foreign investors to invest in Nepal at a time when it has a stable government.

The summit will also include deliberations on investment opportunities in the above-mentioned sectors besides focusing on opinions from experts and investors to bring in investment here in areas of physical infrastructure, energy, information technology, agriculture, industry, health and education, and tourism.

The country’s Federal Parliament has already endorsed the Public-Private Partnership and Investment Bill with an aim to creating an easy and smooth environment to foreign investors.

A total of 25 energy and infrastructure-related projects, 17 projects related to tourism and 11 related to the transportation sector will also be presented during the summit to realize the government’s goal of “Prosperous Nepal, Happy Nepali”.

Similarly, the summit will be showcasing a total of eight agricultural projects, seven projects related to urban development, and six industrial sector-related projects. Likewise, the government will also put forth three projects relating to education and the health sector.

The IBN said the main objective in the summit will be to demonstrate the improved business climate of the country in recent years to potential investors. “The summit will focus on transforming the political and policy stability into trust among the domestic and international business society.”

The summit will also include deliberations on investment opportunities in the above-mentioned sectors besides focusing on opinions from experts and investors to bring in investment here in areas of physical infrastructure, energy, information technology, agriculture, industry, health and education, and tourism.

The summit to be inaugurated by Prime Minister KP Oli on Friday will see ministers of different ministries briefing about the country’s current favorable investment climate.

Maha Prasad Adhikari, CEO at the IBN informed that rather than sharing information on theoretical aspects, they would provide a complete package about projects to the potential investors.

The IBN, which coordinates the summit, has listed and finalized several projects worth Rs 3.1 trillion such as West Seti, AR-6; Sunkoshi II and III, Lower Arun, Nalgadh Hydropower Project, Tamor Water Reservoir Project, and SR-6 for joint-venture.

Likewise, projects such as Kathmandu-Pokhara Railway, East-West Electric Rail, Kathmandu Metro Rail, and Gautam Buddha International Maternity Hospital, would also be showcased in the summit.

To be inaugurated by Prime Minister KP Oli on Friday, the summit will see ministers of different ministries apprising participants of the country’s current favorable investment climate.

It should be noted that the first summit held in 2017 bringing around 250 international investors, succeeded in securing Letters of Intent (LoIs) worth Rs. 13.74 billion from foreign investors.