- Current Affairs 29th March 2019. The Prime Minister of Nepal Shri K.P. Sharma Oil inaugurates "Nepal Investment Summit 2019" in Kathmandu on Friday.
- He said that Nepal is almost a virgin land for investment and his government has created a conducive environment for foreign direct investment.
- Oil said Nepal's immediate goal is to graduate from Least Developed Country status and to achieve it more than 88 billion US dollar investment is required over next 5-years.
- Oli said improving the investment climate in the country "Foreign Investment and Technology Transfer Act" and "Public-Private Partnership and Investment Act" have been enacted recently.
- Over 600 investors and delegates from 40 countries including India are participating in the two-day event. 77 projects worth 31.93 billion US dollar in various sectors will be showcased and 12 Memorandum of Understandings (MoUs) will be signed during the summit.
Published On : 29 Mar 2019
Current Affair
