Karnali Province Gears Up for Investment Summit to Boost Economic Development

Thu, Nov 30, 2023 3:58 PM on Latest, Economy, National,

In a strategic move aimed at fostering economic growth and attracting private sector investments, the Karnali Province government has announced its plans to organize an investment summit within the current fiscal year. The summit aims to create a platform for potential investors and entrepreneurs, with the overarching goal of bringing in significant investments to the province.

Bed Raj Singh, the Minister for Economic Affairs and Planning, revealed that preparations for the investment summit are already underway. "We have outlined the organization of an investment summit in Karnali in our annual program. We are currently actively preparing for this event," stated Minister Singh.

The province government is focused on formulating a conducive environment for the private sector to invest in Karnali. Minister Singh emphasized, "Industries that align with the needs and potential of Karnali will be established, and the private sector will be actively encouraged to participate in this initiative."

Highlighting the government's commitment to boosting internal income by effectively mobilizing local resources, Minister Singh called for collective efforts from all stakeholders. "The government has initiated measures to increase internal revenue by efficiently utilizing the resources of Karnali. It is imperative for all to collaborate in this endeavor," he stressed.

The investment summit is anticipated to serve as a crucial platform for networking, collaboration, and investment dialogue, further propelling Karnali Province into a hub for economic development. As the government gears up for this initiative, stakeholders are optimistic about the positive impact it could have on the economic landscape of the region.