China on top on Nepal investment summit 2019

China will be the largest represented country in the Nepal Investment Summit to be held in Kathmandu on March 29-30 with more than one third of total participants coming from China, the Investment Board Nepal (IBN) said.

According to the IBN, which is coordinating the event, a total of 620 investors from 38 countries have confirmed their participation in the event. Of them, a total of 250 are Chinese participants, with 209 from the mainland and 41 from the Hong Kong Special Administrative Region. After China, India (110), Nepal (49), Myanmar (28) and Japan (20) are in top five in terms of number of participants.

Nepal is showcasing a total of 63 projects during the event, according to IBN, a body formed to deal with mega investment projects.

It is the second time Nepal is organizing the investment summit after a gap of two years. Nepali officials said that Nepal aims to attract huge investment as the country has achieved political stability since the elections in 2017 after a prolonged political instability with frequent change of the governments.

During the last investment summit held in March 2017, Nepal had received the largest investment pledges from Chinese investors.

Of the total pledged investment of 13.52 billion U.S. dollars, 8.2 billion U.S. dollars came from the Chinese investors, representing 61 percent of total investment pledges during the two-day event held two years ago.

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