Province 5 organizing investment summit

Published On: January 28, 2020 10:24 AM NPT By: Binod Pariyar

RUPANDEHI, Jan 28: The Province 5 government is all set to organize an investment summit in April to attract investment in the province.

According to the Province 5 government officials, the summit will showcase potential investment areas to invest in the province. A study carried out by the Provincial Planning Commission has shown investment opportunities in agriculture, industry, tourism, energy, transport, and commercial settlement in both private and cooperative areas. The investment summit will also highlight the fact that Province 5 has proper road infrastructure and transport facilities to attract investment in the province.

According to Shankar Pokhrel, the Chief Minister of Province 5, the provincial government will work to create a conducive environment for investors to invest in the region. “If we get any offers from investors to invest more than Rs 1 billion in any project in the province then the provincial government will provide the required infrastructure for the project,” said Chief Minister Pokhrel.

According to Bishnu Prasad Gautam, member of the Provincial Planning Commission, pre-feasibility research were conducted on 20 projects with the aim to attract investment in agriculture, industry, energy and tourism sectors.

The investment summit will give priority to investment in solar energy, tourism infrastructure (hill station, refreshment centers, trekking trails) and commercial agriculture. The provincial government has also set a target to produce 300 megawatt solar energy in the province. Province 5 has more than 600,000 hectares of cultivable land and 515 hectares of land has access to irrigation. Research has shown that investment in coffee farming and organic farming is suitable in the province.

The investment summit will be organized by the provincial government by collaborating with the private sector, local cooperatives and local units of the government in the region. The investment summit hopes to attract both local and international investors to invest in the province.