'Issues Raised in Investment Summit to be Immediately Taken into Action'   

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'Issues Raised in Investment Summit to be Immediately Taken into Action'   

May 1: The government has pledged to immediately implement the key issues raised in the Third Nepal investment summit that concluded in Kathmandu on Monday.    
The government is preparing to execute the issues raised in the two-day summit that was held on Sunday and Monday under the aegis of the Investment Board and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI).    
Investment Board's Chief Executive Officer and Member-Secretary of Nepal Investment Summit 2024 Direction Committee, Sushil Bhatta, made a commitment for moving ahead with routine follow-up mechanism.    
"We will seek a sealed proposal for 12 projects for which deals were signed during the summit. We have already published a notice on Sunday giving a deadline of 45 days," he said.    
Bhatta claimed that Nepal has succeeded in conveying the message that it has created a conducive and competitive environment for the promotion of investment.      
According to him, the projects showcased in the third investment summit received immense interest from businessmen, entrepreneurs and investors from all over the world.    
Bhatta said Nepal has been able to present itself as an attractive investment destination by showcasing potential projects in the areas of energy, information technology, tourism and infrastructure. Similarly, domestic investors have also said that an investment-friendly environment is being created in Nepal.    
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Dhakal said the conference was successful. "Some of the commitments made in the previous investment conclaves could not be implemented due to lack of follow-up," he said, adding, "The summit has given investors hope that there is an investment opportunity in Nepal and can give good profits."    
Dhakal said that the ordinance issued after the start of the Third Investment Summit was an attempt to encourage the private sector. "We had suggested to the government to amend particular laws to enable environment for investment," he said.    
Investors and development partners coming from India, China, the US and other countries said there is a possibility of investment in Nepal. This has also sent a very positive message.    
He said the investors were keen to invest in Nepal's hydropower, tourism, agriculture and information technology sectors. He also said that the commitment made by all political parties in the investment summit has given an important message.    
According to him, it is now necessary for the government to follow-up on the investors who have made investment commitments and to draft regulations and procedures. -- RSS

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