Nepal is gearing up to host its Third Investment Summit in Kathmandu on April 21 to 22, with eager anticipation to welcome distinguished guests. The government has initiated the invitation process, targeting key figures in the global investment arena.
Sources from the Summit Secretariat confirm that invitations have been dispatched to various development partners, signaling a concerted effort to engage international stakeholders.
Dr. Prakasharan Mahat, Minister of Finance and Coordinator of the Investment Conference Steering Committee is personally overseeing the invitation process for high-profile attendees. During a previous encounter at the Vibrant Gujarat Summit in India, Minister Mahat verbally extended invitations to industrialists Mukesh Ambani and Gautam Adani. Subsequently, formal invitation letters have been sent to them.
The Finance Minister’s outreach extends beyond Adani and Ambani, with invitations also extended to prominent figures such as Jack Ma, the founder of Alibaba, and Elon Musk, the visionary behind Tesla and SpaceX.
Despite the optimism surrounding these invitations, uncertainties loom over the attendance of these esteemed guests. Nevertheless, the government remains committed to fostering international investment opportunities by extending invitations to investors from neighboring India and China.
The investment summit aims to showcase Nepal’s appeal across various sectors, including tourism, hydropower, information technology, and infrastructure. Proposed legal amendments are expected to be on the agenda to facilitate investment in these key areas.
In parallel efforts, the government has formed a study committee to explore potential projects, including the operation of three airports, with the Adani Group expressing interest in participating. This initiative aligns with the government’s strategy to showcase viable investment opportunities during the conference.
Amidst growing interest from domestic and foreign investors, including Jack Ma’s keenness to invest in Nepal, the conference emerges as a pivotal platform for dialogue and collaboration to drive Nepal’s economic growth and development.
