As a recent IFC
report has hailed Nepal's improving business climate, the private sector is
planning an economic summit in four months to attract foreign as well as
domestic investment.
Federation
of Nepalese Chamber of Commerce and Industry and Samriddhi Foundation are going
to organise Nepal Economic Summit 2014 on February 24, with a theme 'Destination
Nepal for investment'.
The three-day
long summit scheduled to be held in Kathmandu will help
create a platform for business leaders, experts, high level political leaders
and international delegates to search for a common ground to help make Nepal
the best destination for local as well as foreign investors, according to FNCCI
president Suraj Vaidya.
The new
government after the CA election needs to know what economic reforms the
country needs, he said, adding that it also has to take every possible measures
to attract more and more investment to the country. "The summit will help
all stakeholders including government, economists, businessmen and investors explore
measures to make the country an attractive investment destination.
The seminar
will also focus on ways to explore investment potentials in tourism,
agriculture and alternative energy. "Nepal has tremendous investment
potentials despite bureaucratic hurdles and lack of investment-friendly
environment," Vaidya said hoping to find ways to tackle the hurdles.
The IFC report has claimed
that Nepal is the third easiest country in the South Asia to do business after
Sri Lanka and Maldives.
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