Government prepares for hosting Third Investment Summit on April 21-22

Kathmandu, Nov 26: The government has announced to organise the Third Investment Summit on coming April 21-22 in Kathmandu. According to Finance Minister Dr Prakash Sharan Mahat, preparations are going on to hold the Summit in the given date. A very first meeting of the Summit's steering committee coordinated by the Finance Minister took place today. Talking to media after the meeting, the Finance Minister said the Summit aims not to only attract foreign investment but also to encourage the mobilisation of domestic investment and investment from non-resident Nepali community. "Nepali embassies abroad will be mobilised for facilitating the hosting of the Summit." Two committees have been formed in preparation for the Summit: an implementation committee led by the Chief Secretary and a technical committee led by the Secretary at the Ministry of Industry, Commerce, and Supplies. The Summit's Secretariat will be located at the Office of the Investment Board. During the meeting, the Minister directed the concerned authorities to make preparations for identifying the 'projects of showcase' to be highlighted during the Summit.