Nepal, Feb. 18 -- The Koshi Province government organised the first Koshi Province Investment Summit in Biratnagar inon May, 2025, to promote the province as a destination for private investment and economic transformation through public-private partnerships. The initiative reflected a growing realisation that, after federalisation, provinces cannot remain confined to administrative functions alone; they must actively assume a developmental role and lead economic growth.

Nepal's economy is currently under strain. A large share of economic activity depends on imports, while government revenue remains heavily reliant on customs duties. Much of this revenue is then redistributed to subnational levels through grants, reinforcing a consumptio...