The Federation of Nepalese Chamber of Commerce and Industry (FNCC), in association with Samriddhi Foundation, is preparing to organize Nepal Economic Summit 2014 from February 24 next year.

With the slogan ‘Destination Nepal -- for Investment’, the three-day summit is scheduled to be held at Soaltee Crowne Plaza in Tahachal, Kathmandu.

FNCCI president Suraj Vaidya said the seminar aims solely to create a platform where business leaders, experts, high level political leaders and international delegates will search for a common ground that will help make Nepal the best destination for local as well as foreign investors.

“As the country is having its elections soon, the new government needs to know what economic reforms the country needs and what measures will be possible to attract more and more investment to the country,” Vaidya said.

According to him, the summit will help all stakeholders (government, economists, businessmen and investors) explore measures to make Nepal an investment friendly country.

The three-day long seminar will be focused on ways to explore investment potentials in tourism, agriculture and alternative energy, the organizers said.

“Nepal has tremendous investment potentials. However, hurdles like effective and scientific policies and lack of investment-friendly environment have always been there,” Vaidya said, adding that the summit would look for ways to tackle these problems.

Meanwhile, Shahil Agrawal, an executive committee member of FNCCI, said larger investment was needed in the country for it to get close to the pace of development that other countries in the world had.