Koshi Province Investment Summit Fails to Attract Promised Foreign Investment
Summary
Koshi Province’s investment summit promised NPR 157 billion for 51 projects, but only four projects worth about NPR 2.085 billion have moved ahead 16 months later. Provincial officials blame political instability, weak bureaucracy, and investor hesitation as most agreements remain on paper.
Key Points
- The Koshi Province Investment Summit in Biratnagar signed MoUs for 51 projects worth NPR 157 billion, but only four projects have reached the approval stage so far.
- The province spent NPR 21.719 million on the summit, while many investors have withdrawn or gone out of contact and the authority has issued public notices to revive the stalled deals.
- Provincial officials say political instability, legal uncertainty, and a lack of technical and legal manpower have slowed implementation, while critics say the government has not become private-sector friendly.
- Projects such as the Pod-Way, Sky-Walk in Bhedetar, and industrial, tourism, green energy, and infrastructure proposals remain the main focus of the stalled commitments.
_D3iQ6AH011.webp)