The Confederation of Nepalese Industries (CNI) is organizing a two-day ´Nepal Infrastructure Summit 2014´ from November 11. Ministry of Physical Infrastructure and Transport, Ministry of Urban Development, Ministry of Energy, Investment Board of Nepal, and Youth Community for Nepalese Contractors (YCNC) are the co-organizers of the summit which is being organized in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI).
According to the organizers, the summit aims to facilitate discourse on infrastructure development of the country. India´s Minister for Road Transport and Highways Nitin Jairam Gadkari is scheduled to address the inaugural ceremony as the keynote speaker.
"The government, private sector and foreign investors should make concerted efforts to bridge such gaps," said CNI President Narendra K Basnyat at a press conference.
More than 400 investors, policy makers, government officials, architects, engineers, contractors, diplomats, representatives of real estate developers, banks and financial institutions, educational and research institutions, among other institutions, from Nepal, India, China and Japan, among other countries, will participate in the summit. According to the organizers, the summit will have four plenary sessions on ´Sustainable Infrastructure Development for Socio-economic growth´, ´Investment Climate in Nepal´, ´Infrastructure Financing Mechanisms´ and ´Enabling Policy Initiatives´.
“The major reason behind the lack of investment flow in the country is that we have infrastructure limitations. Unless infrastructure development gains momentum, industrial and overall development is almost impossible," Hari Bhakta Sharma, vice president of CNI, said.