Unleashing Investment Opportunities for Provincial Development
Context
Strategically located with vast natural resources, Sudurpashchim Province holds immense economic potential. However, this potential is largely untapped due to inadequate infrastructure and investment, limited resource mobilization, and rising outmigration and emigration.
To address these challenges, unlock investment opportunities, and accelerate development, the Government of Sudurpashchim is hosting the Sudurpashchim Investment & Development Summit 2025 (SIDS-2025) in September 2025. The summit serves as a crucial initiative to unlock the Sudurpashchim region's economic promise and position it as a premier investment hub. By bringing together policymakers, investors, business leaders, and development partners, the summit will catalyze sustainable economic development, employment generation, and long-term prosperity for the Sudurpaschim Province.
Policy Framework
1. Foreign Investment and Technology Transfer Act,
2075 (2018): This act aims to attract foreign investment by simplifying
approval processes, ensuring investor protection, and facilitating technology
transfer. It provides incentives such as tax holidays, repatriation of profits,
and intellectual property rights to encourage foreign investors to contribute
to Nepal's economic growth.
2. Industrial Enterprise Act, 2076 (2019): This act categorizes industries based on priority, size, and environmental impact, offering tailored
incentives like tax exemptions and subsidies. It aims to foster industrial
growth, create employment, and enhance competitiveness by streamlining regulations
and promoting sustainable practices.
3.
Public-Private Partnership (PPP) Policy, 2072
(2015): The
PPP policy encourages collaboration between the government and private sector
to develop infrastructure projects like roads, energy, and telecommunications.
It outlines risk-sharing mechanisms, investment models, and regulatory
frameworks to ensure efficient project implementation and service delivery.
4. Special
Economic Zone (SEZ) Act, 2075: SEZs
are designated areas offering tax breaks, customs duty exemptions, and
streamlined regulatory processes to attract export-oriented industries. The
policy aims to boost industrialization, increase exports, and generate
employment by creating a business-friendly environment within these zones.
5. Different Committee with Terms of Reference (TOR) are formed by cabinet
on 19 March 2025
Objectives
Key Focus
The “SIDS-2025” aims to unlock the region’s potential
across diverse sectors, creating a roadmap for sustainable growth and
prosperity.
· Agriculture & Agro-processing: Focus on promoting commercial
farming, food processing, and strengthening agribusiness supply chains to
enhance productivity and market access.
· Tourism & Hospitality: Highlight opportunities in eco-tourism,
adventure tourism, heritage tourism, and resort development, leveraging the
province’s natural beauty and cultural richness.
· Infrastructure & Urban Development: Prioritize building roads,
bridges, housing, and industrial zones to support regional growth.
·
Energy & Hydropower: Emphasize small and medium hydropower
projects and renewable energy solutions to meet growing energy demands.
·
Information & Communication Technology (ICT): Explore the
development of IT parks, digital transformation projects, and e-governance
initiatives to drive innovation and efficiency.
·
Manufacturing & Industry: Focus on establishing industrial
parks, facilitate value-added production, and support MSMEs to boost economic
diversification.
·
Education & Healthcare: Improve medical facilities, expand
technical education, build a skilled workforce, and enhance overall quality of
life.
Participants
The event anticipates a
diverse gathering of key stakeholders, including provincial and federal
government officials, domestic and international investors, business
associations, chambers of commerce, development partners, financial
institutions, academia, research organizations, local entrepreneurs, start-ups,
and media representatives. This convergence aims to foster collaboration,
innovation, and strategic partnerships across sectors.
Expected Outcomes
Ø Increased investment commitments in priority sectors.
Ø Strengthened collaboration between public and private stakeholders.
Ø Enhanced policy frameworks for investment promotion.
Ø Creation of new business ventures and employment opportunities.
Ø Strategic roadmap for economic growth and sustainable development.
Ø Establishment
of robust networking and Memorandum of
Understanding (MoU) signing platforms.
Summit Components
· Inaugural session
· Thematic panels
· Business-to-Business (B2B) and Business-to-Government (B2G) meetings
· Exhibition & networking zones
· Policy dialogues
· MoU signing
Organizing Partners
Agencies are required for the participation at the Sudurpashchim Investment and Development Summit 2025 to foster collaboration, mobilize resources, and drive sustainable development in the region. Industry and business associations bring expertise, investment opportunities, and private sector engagement, while development agencies and financial institutions provide funding, technical support, and policy frameworks. Together, they create a synergistic environment to address infrastructure gaps, promote industrialization, and enhance economic growth in Sudurpashchim.
· Government of Sudurpaschim Province, Nepal
· Industry and business associations
· · Development agencies and financial institutions