Kathmandu March 1 (IANS) Indian Finance Minister Arun Jaitley will be visiting Kathmandu on Thursday to deliver the keynote address at the Nepal Investment Summit 2017 it was announced on Wednesday.
Apart from the summit Jaitley will hold high-level political interactions in Nepal including with Prime Minister Pushpa Kamal Dahal Prachanda and others.
He will pledge the Indian commitment for Nepal s development endeavours and is expected to announce some measures that will benefit Nepal said Nepal s Industry Minister Nabindra Raj Joshi.
Asian Infrastructure Investment Bank s President Jin Liqun is also participating in the summit Joshi added.
Joshi said that around 250 institutional and individual investors from 24 countries including India China Bangladesh Sri Lanka Singapore Hong Kong Malaysia Australia France Italy Japan the US Russia Canada Britain South Korea Finland Iran Turkey and Vietnam have confirmed their participation in the summit.
The highest number of participants in the summit are from China and comprise representatives of 89 top companies. Similarly representatives of 21 companies from India 20 from Sri Lanka 14 from Malaysia 13 from Japan 12 from Canada 10 companies from Hong Kong eight companies each from Britain South Korea and Vietnam seven companies from Russia and six companies from the US will participate in the summit.
Likewise some 300 domestic investors policy-makers and experts will also participate. The Ministry has expected commitment for investment of approximately Rs 100 billion from different investors during the summit.
To execute the outcome of the summit Nepal plans to form the Policy Reform Committee the Project Bank Revision Committee the Industrial Promotion Committee and the Comprehensive Coordination Committee for the effective implementation of the commitments and the decisions made at the summit.
--IANS
giri/vd/dg
Jaitley to visit Nepal on Thursday
