KATHMANDU, Jan 4: The Investment Board of Nepal (IBN) has said that it has completed prequalification process of 14 out of a total of 50 projects showcased during the Nepal Investment Summit 2019 held in March.
Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.
Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.
Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.
MYAGDI, April 2: Residents of Annapurna Rural Municipality in Mygadi are hopeful that the Kaligandaki Gorge Hydropower Project will be built, following an investment deal between a domestic company and a Chinese company.
KATHMANDU, March 31: The business community has expressed concerns over the “minimal homework” the government did to entice foreign and domestic investors in the federal set-up. Experts argue that there was a “lack of coordination” between federal and provincial governments to identify priority investment areas that would help provinces to grow.
KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.
KATHMANDU, March 30: Growing differences between Prime Minister KP Oli and Minister for Industry, Commerce and Supplies, Matrika Yadav have been surfacing one after another even as the government is trying to bring in foreign investment in the country through the investment summit.
The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.
KATHMANDU, March 26: The government is holding Nepal Investment Summit 2019 this week for bringing foreign investments to achieve higher economic growth and generate more jobs. Youth entrepreneurship in Nepal is growing at a fast pace albeit in small scale and size. Young entrepreneurs have harnessed innovation and new business opportunities. As the government prepares to host the summit, Republica talked to some young entrepreneurs to know what they think about investing in Nepal and why foreign investors should come to Nepal.
KATHMANDU, Mar 14: A seminar was held to invite potential investors from India. The Embassy of Nepal in New Delhi organized the ‘Seminar on Trade, Tourism and Investment Opportunities in Nepal’ in Ahmedabad, Gujarat in partnership with Gujarat Chamber of Commerce & Industries (GCCI).
BEIJING, Feb 26 : In its attempt to lure more Chinese investors and enterprises in Nepal as well as to prod the Chinese investing firms for their participation in the upcoming Nepal Investment Summit scheduled next month, the Embassy of Nepal in Beijing organised a pre-summit conference on Nepal Investment Summit on Monday.
KATHMANDU, Feb 1: As the government plans to host Investment Summit next month to attract foreign direct investment in Nepal, the US – one of the major potential source countries for FDI – has said that “real, bold and tangible reforms both at laws and practice” are necessary to instill confidence among potential investors.