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.