April 26: The government is gearing up to present 151 projects at the Third Investment Summit 2024, scheduled to take place in the federal capital on April 28 and 29. The summit aims to facilitate the implementation of projects aimed at boosting the economy, including the establishment of factories and industries by attracting foreign direct investment in these sectors.

These projects are expected to significantly contribute to the overall development of the country. Stakeholders say it is imperative to combine foreign investment with government and private sector investments to ensure adequate capital, technology, and human resources for the successful execution of these projects.

The 58th meeting of the Investment Board Nepal has resolved to issue calls for letters of intent and engage in extensive discussions with investors regarding the showcased projects.

Of the projects to be presented at the summit, the energy sector dominates with thirty-one projects up for investment, as confirmed by the board's spokesperson, Pradyumna Prasad Upadhyay. Additionally, there are nineteen projects related to the transport sector, thirteen each in the mining and minerals, and tourism sectors, fourteen in agriculture, five in production, seven in industrial infrastructure and trade, three in health and education, two in communications and information technology, four in water supply, and six in urban development.

Furthermore, the private sector is also presenting thirty-one projects for foreign direct investment during the summit.

Upadhyay noted that the government places significant importance on private sector investment, including foreign direct investment (FDI). -- RSS