Prabhu arrived here to attend the ‘Nepal Infrastructure Summit 2017’, organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors (YCNC) to be held between February 19-20. Indian Ambassador to Nepal Ranjit Rae was also present at the occasion.
NEW DELHI/KHATMANDU: Railway Minister Suresh Prabhu has arrived in Nepal for a three-day visit during which he will attend an infrastructure summit which he said was crucial for accelerating the Himalayan nation’s economic growth.
Prabhu arrived here yesterday to attend the ‘Nepal Infrastructure Summit 2017’, organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors (YCNC) to be held between February 19-20.
The minister, who is the guest of honour and keynote speaker at the summit said, the infrastructure summit would be pivotal for accelerating economic growth of Nepal at a time when the country is striving to graduate to the league of developing nations.
Welcoming Prabhu at a reception to honour him yesterday, CNP president Haribhakta Sharma said the minister’s visit will be a good opportunity for sharing ideas and experiences of Indian model of infrastructure development, where involvement of the private sector has become one of the key drivers in accelerating steady rate of economic growth.
Indian Ambassador to Nepal Ranjit Rae was also present at the occasion. During his stay in Nepal, Prabhu will pay a courtesy call to President Bidha Devi Bhandari and Prime Minister Puspa Kamal Dahal “Prachanda”.
He will also hold meetings with Minister for Physical Infrastructure and Transport Ramesh Lekhak and other senior government officials as well as private sector representatives.
In a statement, CNI said the minister’s visit will be instrumental in strengthening Nepal-India ties for socio-economic development of both countries.
The Summit is organized with an objective of helping in the economic development of the country by attracting huge investments from the private sector, strengthening regional connection and partnership by realizing the rationale of investment in infrastructure sector.
The summit which is jointly organized by the Government of Nepal and the Youth Community for Nepalese Contractors (YCNC) is focusing on private sector for indispensable partnership.
Similarly, more than 30 experts from industry sector, ministers from the government, policy makers and development partners will be participating in the programme. According to the organizers, former PM Baburam Bhattarai, former finance ministers and ministers of Nepal, Asian Development Bank (ADB), Department for International Development (DFID) (UK), International Finance Corporation (IFC), officials from diplomatic missions and representatives will also be participating in the programme.
The Summit will discuss among other things, the possibility of public-private partnership (PPP), successful model of regional and international level of partnership, the state of infrastructure development, essential environment for growth of investment, infrastructure market, value proposition, flexible financial system and green infrastructure.
Likewise, this Summit will also include ‘infrastructure idea hunt’ as a new subject. People with new ideas in infrastructure development area of the country can present their ideas in the summit. For the purpose, the organizers have already selected 10 ideas in co-work with the Idea Solution.