Minister Mahat requests foreign investors to invest in Nepal’s energy, and tourism sectors

Kathmandu: Finance Minister Dr. Prakash Sharan Mahat has invited investors from India and other countries to participate in the Investment Summit scheduled to be held on April 28 and 29 in Kathmandu. He also urged them to invest in the energy, tourism, and agriculture sectors of the country.

Addressing heads of the nation, ministers, and investors of different countries participating in the Vibrant Gujarat Global Summit-2024 organized in Gujarat of India today, Minister Mahat invited the investors to the investment summit, according to the Finance Minister Mahat’s Private Secretariat. He said, ‘Nepal is hosting an investment summit on April 28 and 29. I would like to invite investors of India as well as other countries to the summit. I hope your innovative business idea and investment decision will be a new milestone for Nepal’s development.’

Sharing that there is a huge opportunity for investment in Nepal’s energy, tourism, agriculture, and information technology sectors, Minister Mahat mentioned that education, production, construction, transport, mines, banking, and financial services are also other areas of investment possibilities.

He lauded the Vibrant Gujarat Concept imagined by Prime Minister of India, Narendra Modi, in 2003, adding, ‘Vibrant Gujarat Development Model being adopted nation-wide has now become the source of inspiration for many countries including Nepal for management of finance resources and technical knowledge in address the current economic, social and environmental challenges.’

Minister Mahat shared that Nepal and India have recently signed an agreement for exporting 10,000 MW of electricity from Nepal to India in the next 10 years, which he said would be an immense opportunity for Nepal’s hydropower sector. ‘Nepal has adopteda  liberal, market-oriented economic policy since the beginning 90s and is a member of many international organisations and multilateral agencies. We have been implementing trade and investment policy and regulations as per international criteria,’ he stressed.

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