Kathmandu: The Nepal Investment Summit commenced with fervor, drawing the attention of politicians, policymakers, investors, and business leaders alike.

The event, boasting over 1,400 participants, showcased 154 projects in various stages of development, with 19 projects primed for soliciting Expressions of Interest from potential investors, revealed the Secretariat of the Nepal Investment Summit.

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ inaugurated the Summit, emphasizing the government's commitment to continuous reforms aimed at enhancing the business climate. "We are dedicated to implementing ongoing reforms to facilitate investors, industrialists, and innovators, thereby easing the business environment," affirmed PM Dahal.

He further highlighted the recent amendments to eight laws pertaining to business and investment, underscoring the government's proactive approach.

In a meeting with business leaders representing 22 countries, the Prime Minister assured them of Nepal’s unwavering support for investors keen on undertaking projects within the country.

According to the Secretariat, two Memoranda of Understanding (MoUs) were inked during the Summit. The first MoU was between BLC Group Nepal and Yotta Data Services Pvt. Ltd. India, while the second was between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the National Chamber of Commerce, Malaysia.

Minister for Finance Barsha Man Pun emphasized the Summit's significance as a platform for the government to engage with potential investors and gather valuable feedback.

High-profile figures, including former Prime Minister and President of the opposition Nepali Congress (NC) Sher Bahadur Deuba, Secretary-General of the UN Conference of Trade and Development (UNCTAD) Rebeca Grynspan, and Regional Director of the Foreign, Commonwealth & Development Office (FCDO) Ben Mellor, addressed the session. Ambassadors from India, the United States, and China also contributed to the dialogue.