Kathmandu�The Nepal Investment Summit 2019 concluded on 31 March 2019 on a high note, particularly for the private sector as the final day of the summit witnessed the signing of 15 deals and memorandums of understanding between Nepali and foreign companies.   Pitched as a �flagship event� of the KP Sharma Oli administration, the summit saw various foreign investors� renewed interest to put money in Nepal as the government made an all-out effort to woo them with six ministers actively participating in the plenary sessions.   Chaudhary Group led the pack with as many as four joint-venture agreements in solar power, logistics park, and mobile network service. The group has also entered into a joint venture agreement with Sharaf Group to develop a multi-model logistics park and 600MW solar photovoltaic project with the US-based Sky Power out of which, 200MW solar power project will be established in Province 2.   In its bid to make a foray into the telecom sector, CG LifeCell also announced a joint venture agreement with Istanbul-based Turkcell for 5G mobile network service.   Arun-III Hydropower Project is not a new project, but the Nepali and Indian financial institutions announced Rs78.59 billion in financial commitments. The 900MW project that is currently under construction received additional financial commitments of Rs65.60 billion from State Bank of India and Rs8.12 billion and Rs4.87 billion from Nepal�s Everest Bank and Nabil Bank respectively.   SJVN Limited, a joint venture of the Indian central government and state government of Himachal Pradesh, is developing the project.   Nepali authorities described the event as a huge success in terms of participation and business-to-government and business-to-business meetings that took place over two days.