Preparations over for Koshi Province Investment Summit

BIRATNAGAR: Preparations have been completed for the Investment Summit to be hosted by the Koshi province government.

This information was shared at a press conference organized by the Province Investment Authority here today. The venue of the Summit is Birendra Auditorium in Biratnagar. Prime Minister KP Sharma Oli is scheduled to inaugurate the Summit on Thursday and it will conclude the next day.

The organizers hope that this conference will be historic and fruitful for the prosperity and development of Koshi Province, which has immense potential in terms of investment.

Executive Director of the Authority, Dr Saroj Koirala, informed that 71 projects will be showcased in the Summit and the total estimated cost of these projects is Rs 173.49 billion. These showcased projects are from the tourism, agriculture, industry, energy, infrastructure, IT and service sectors.

Investors from Nepal, India, China, Russia, the US, South Korea and other Western countries will participate in the event. Executive Director Dr Koirala shared that the summit will discuss six different topics of agriculture, tourism, industrial production, marketing, infrastructure development, energy and health services and medical education.

Similarly, Minister for Internal Affairs and Law Rewati Raman Bhandari opined that the Investment Summit will help increase employment and boost domestic capital in the province. He also expressed commitment to amend the laws that hinder the investment.

Likewise, Minister for Economic Affairs and Planning Ram Bahadur Magar opined that the investment summit would help in making the province economically strong, creating employment and developing potential sectors to attract tourists and increase production.