The third international investment conference to be organized by the government to bring domestic and foreign investment into the country is starting on Sunday. At the conference, 150 projects from the local, provincial, union and private sectors are prepared to be presented. According to the Nepal Investment Board, more than 1,600 investors from 55 countries including Nepal will participate in the two-day conference.

According to the board, preparatory projects worth 9 billion will be presented at the conference. The board said that the arrival of domestic and foreign investors in the country has started since a few days ago. 

More than 6 sessions will be conducted in the two-day conference. Pradyumna Prasad Upadhyay, spokesperson of the Board, said that there are projects in various sectors including energy, transportation, mining and minerals, tourism, production, industrial infrastructure and trade, health and education. There are 119 projects of union, state and local level and 31 projects of private sector. The 58th meeting of the investment board on Tuesday approved the list of 148 government and private projects that will be called for letters of intent, solicited and market sounding. After that, the Kathmandu and Nijgadh International Airport development project and the data center project were added to the board. said. 

More than 2,400 people have been invited, but more than 1,600 participants have been confirmed, according to Investment Board spokesperson Upadhyay. Maximum participation of 385 domestic investors has been confirmed. 265 from China, 143 from India, 33 from the United States, 28 from Japan, 14 from the UK, 13 from Bangladesh, 13 from the United Arab Emirates (UAE) and 10 from Germany are participating. According to the investment board, nine people from South Korea, Australia and Malaysia are going to participate in the conference. 

There will be eight participants from Pakistan, six from Singapore, five/five from Qatar and Ghana, four/four from Saudi Arabia, France and Bahrain. There will be 23 stalls in the conference and letters of intent will be invited for 20 projects. 9 for market sounding, 31 projects of identification stage will be socked, 18 for financial management, 14 for private sector investment, 27 for socus and 31 private sector projects will be socked. The first day will be the inaugural session and the other two main sessions. Board spokesperson Upadhyay said that on the second day, 11 sessions will be conducted in parallel. "All the preparations for the investment conference have been completed, the investors have started coming a few days ago," he said, "the program sessions are also ready, the projects are ready." Finance Minister Varshman Pun said that the

investment conference will give multifaceted achievements. "In the conference, we will make global and domestic investors meet and interact in one place," he said, "We will create a simple environment for investment in legal and managerial form. We share successful business and good practices with the world. It is expected that there will be signatures in the conference rather than in terms of numbers. Finance Minister Pun said.

'The conference is a festival, we ask for some projects, we propose projects,' he said, 'After the conference, we have to do more than bring in investment.' The government has already decided to amend some laws. He said that the ordinance has reached the President's Office for verification and will be passed within the conference. He said that the Ordinance certification will also prove to investors that Nepal is more investment friendly. Finance Minister Pun said that the work of sovereign credit rating has already started and will be completed within a few months. He said that Nepal's economy, investment policy, potential areas of investment are open to the world, liberal policies have been adopted and the environment and policies and rules will be more investment-friendly than in the past.