'Infrastructure Summit' to be hosted to bring investment in infrastructure sector

Kathmandu, Aug 23: The fifth Infrastructure Summit is to be hosted on September 12-13 to explore investment diversity in infrastructure sectors and enable an industrial environment.     

The summit is going to be held under the aegis of the Confederation of Nepalese Industries (CNI) for overall economic development by promoting innovation in the infrastructure sector as well as employment opportunities, it was shared at a press conference today. The Investment Board of Nepal will remain the co-host of the summit.     

'Sustainable Development through Strategic Investment' has been set the main slogan of the summit to be organized emphasizing infrastructure development as the foundation for building a prosperous economy.     

It may be noted that annually Nepal needs Rs 2000 billion to attain the Sustainable Development Goals (SDGs). According to the details prepared by the National Planning Commission, it requires integrated and collective investment for infrastructure development.     

The CNI's study has highlighted that a mammoth investment of 130 billion US Dollars to attain the SDGs in Nepal.     

On the occasion, CNI Chair Rajesh Kumar Agrawal said the summit would set a way when there was a resource gap in theinfrastructure sector. (RSS)