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Nepal Investment Summit 2017 Concludes with Grand Success Inside - SPECIAL ISSUE - 1 IBNDISPATCH Monthly Newsletter Yr: 2 | Issue: 9 | January - february 2017 (magh 2073) NEPAL INVESTMENT SUMMIT 2017 INSIDE CONCLUDES WITH GRAND SUCCESS >> more on Page 2 Nepal secures investment intents ‘Nepal Investment Summit has begun PDA negotiation for Solid waste worth $13.74 billion glorious days for Nepal’ management project begins The Letter of Intents (LoIs) signed Interview with Nabindra Raj Joshi, IBN has been in negotiations with during the two-day event is worth Honorable Minister for Industry. various companies to implement solid US$13.74 billion..... waste management project ..... >> more on Page 6 >> more on Page 8 >> more on Page 10 2 NEPAL INVESTMENT SUMMIT 2017 CONCLUDES WITH GRAND SUCCESS KATHMANDU: ‘Nepal Investment Leaders of the major political parties party CPN (UML) also expressed Summit 2017’ concluded on March expressed their firm commitment his commitment on promoting 3 with overwhelming response to give high priority to foreign foreign investment stating that both from domestic and international investment which is crucial for ruling and opposition parties are investors to invest in Nepal’s narrowing down the existing on the same page when it comes to various sectors. The Summit was infrastructure deficit and accelerate welcoming foreign investment in the jointly organised by the Ministry Nepal’s economic development. They country. of Industry and Investment Board assured the participants to extend Nepal (IBN) in coordination with all needful support to facilitate their Nepali Congress president Sher the National Planning Commission investment in the country. Bahadur Deuba also highlighted with the objective of inviting foreign the role of a robust private sector investment in key potential sectors Addressing the inaugural session to amplify investment for creating that form the backbone of the of the Nepal Investment Summit jobs and increase government country’s development. 2017 that kicked off on March 2 revenue, ultimately to help Nepal in Kathmandu, Prime Minister attain economic prosperity. Deputy Emerging favorable environment Pushpa Kamal Dahal who is also the Prime Minister and Finance Minster after the promulgation of new chairman of IBN said the country Krishna Bahadur Mahara said Nepal constitution, introduction and had completed a unique journey of offers vast markets of neighbouring amendment of laws and policies peace process and has moved on India and China for the investors. to facilitate the investment, to a path of economic prosperity. Speaking as a keynote speaker, comparatively improved political He also added that economic Indian Finance Minister Arun Jaitley stability and top-level political development was impossible without said India was deeply committed to commitment in favor of foreign the private sector’s involvement helping Nepal in its ‘great desire’ investment boosted the confidence as public investment alone is not for economic growth as the country of existing and potential investors sufficient to attain the economic is hosting the Nepal Investment present at the Summit. growth that Nepal strives. KP Summit to attract both domestic and Sharma Oli, chairman of opposition foreign investment. >> more on Page 3 3 NEPAL INVESTMENT SUMMIT... >> continued from Page 2 that existing investors are making Finland, Iran, Turkey and Vietnam Highlighting the key advantage of lucrative profit investing in Nepal. had participated at the Summit. Nepal with its natural beauty, culture Similarly, around three hundred local heritage, unexplored potential of Speaking on the occasion, Minister and foreign investors based in Nepal water resources and hard working for Industry Nabindra Raj Joshi had also taken part. people, the Indian finance minister urged investors to seize the stressed on utilising these natural, opportunity to invest in Nepal stating Also speaking in the plenary session, cultural and human resources for the that investment climate is favorable Shankar Prasad Koirala, secretary benefit the nation. in the country. Maha Prasad at the Ministry of Industry, said that Adhikari, CEO of Investment Board several reform initiatives taken by Another keynote speaker, Asian Nepal, highlighted the key sectors of the government have made Nepal a Infrastructure Investment Bank investment in the country. lucrative destination for investment. President Jin Liqun expressed his The event witnessed specific commitment to work with Nepali presentations of working papers At the sessions, government government and private sector and discussions during nine officials assured the investors of full to make a meaningful difference thematic sessions like energy, cooperation in facilitating investment in Nepal’s economic and social infrastructure, tourism, information while investors expressed their development through investment in and communication technology, desired to put money in Nepal if infrastructure and other productive financial sector, mines and minerals, political stability and procedural sectors. agriculture and forest products. simplification were ensured. Around 250 institutional and Similarly, leading multinational Similary, former Finance Minister individual investors from 24 companies operating in Nepal also and another keynote speaker Dr. Ram countries including India, China, shared their positive experience while Sharan Mahat, also urged national Bangladesh, Sri Lanka, Singapore, international donors and deplomats and international investors to take Hong Kong, Malaysia, Australia, exchanged their experience regarding opportunity to harness Nepal’s France, Italy, Japan, America, Russia, investment climate in different potential sectors of investment stating Canada, Britain, South Korea, countries. ● Summit Photos in page 4 #Investinnepal2017 trends number one Nepal Investment Summit 2017 became the ‘talk of the nation’ in social media during the 2-day event, that kicked off on March 2, 2017. Throughout the event, #investinnepal2017; the official hashtag of Nepal Investment Summit 2017 (@npinvestsummit) trended number one in Twitter. It had remarkable following in Facebook too. 4 NEPAL INVESTMENT SUMMIT 2017 IN PICTURES 5 NEPAL INVESTMENT SUMMIT 2017 IN PICTURES 6 NEPAL SECURES INVESTMENT INTENTS WORTH US$13.74 BILLION KATHMANDU: The Letter of measures taken by the government, Intents (LoIs) signed during the In his concluding remarks, Minister such as amendments to various acts two-day mega investment event saw for Industry Nabindra Raj Joshi said and policy reforms, to create an interests from investors representing the summit is the beginning of a great investment-friendly environment. around two dozen countries to invest partnership in the nation building as much as Rs 1400 billion At the cconcluding ( USD 13.52 billion) in ceremony of the summit, Nepal’s key sectors such IBN CEO Maha Prasad as mining, hydropower, Adhikari expressed his transportation, food gratitude to all investors, production, beverage, particularly potential health care, mining and foreign investors, who minerals, banking, tourism, have signed the Letters of real estate, construction, Intent. manufacturing, among others. A 21-member high-leve coordination committee A total of 16 companies led by Minister for from around the world Industry Joshi and other signed Letters of Intent specific committees have ( LoI) , expressing their been formed for realising interest in investing the investment from the in various sectors Letters of Intent signed including aviation, food, during the summit and hydropower, banking, make effective follow railways, roads, mining up as well as assist the and minerals, and prospective investors manufacturing. seeking detailed proposals and concept notes from them. Of the total investment intents, China topped The High-Level the list with six Chinese Committee also comprises companies committing different ministers more than $8.3 billion in sectors mission of Nepal. and secretaries. Similarly, a sub- like hydropower, hospital, metro Minister Joshi said that the issues committee related to foreign rail, airport, highway, mining and raised by the investors related investment policy has been formed minerals, smart grid, and financial. to entry, operation and exit of under the coordination of the member companies will be taken seriously looking after industry at the National Bangladesh stood second, with $2.4 and addressed through appropriate Planning Commission. billion investment commitment strategic action. in food and construction, while Minister Joshi announced that Likewise, a sub-committee related Japanese and British firms expressed within three months the government to foreign investment promotion interest in investing more than would launch an online registration, under coordination of Secretary of $1 billion each in Nepal’s energy, online payment and digital signature the industry Ministry and another agriculture and infrastructure sectors. system to speed up the administrative sub-committee related to foreign formalities necessary for investment investment project has been formed Those signing LoIs are companies in Nepal. under the coordination of Chief from Sri Lanka, India, and Nepal Executive Officer of the Investment stood at $500 million, $317 million Minister of State for Industry Board. ● and $11.5 million, respectively. Kanchan Chandra Bade shed light on 7 DETAILS OF INVESTMENT INTENTS S.N. COMPNAY'S NAME COUNTRY SECTOR OF AMOUNT OF INTENT INTEREST (IN BILLION USD) 1 Ashok Steel Industries Pvt. Ltd. India Investment Bank, Solar, 300 Steel
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