Nepal seeks foreign investments for 2015 earthquake aftermath

Nepal seeks foreign investments for 2015 earthquake aftermathInvestors from nearly 30 countries gathered in Nepal as the nation is seeking help in recovery efforts from a devastating earthquake in 2015.

The Nepal Investment Summit 2017 has kicked off on Thursday in the capital, Kathmandu, with Prime Minister Pushpa Kamal Dahal lighting the traditional ‘panas’ in the inauguration ceremony.

Addressing the inaugural of the two-day event, PM Dahal stated that peace and development were interconnected, adding that the government was focused on creating conducive investment opportunities.

PM Dahal said that the government was ready to shift its attention from the political instability to economic development.

Nepal's Minister for Industry Nabindra Raj Joshi highlighted that Nepal was the most favourable place for the foreign investors as it would allow greater freedom to the investors in comparison to any other country in the South Asian nations.

One of the keynote speakers, President of Asian Infrastructure Investment Bank Jin Liqun in his address said that the AIIB was ready to help Nepal in using the natural resources of the country for developmental projects and work with the World Bank and the Investment Development Bank for the same.

According to the Ministry of Industry, the two-day summit would be able to harness the investment potential of the country and help lure foreign investment. It is optimistic to achieve the target set to draw $1 billion investment pledge in Nepal from the event.

Heads of different multinational companies and development partners working in Nepal, along with over 250 foreign investors from almost 24 nations like India, China, United States, Australia, Japan, Turkey, Sri Lanka, Singapore, Russia, United Kingdom, Finland, South Korea and Vietnam, among others and 300 domestic investors are participating in Summit.
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