Nepal Calls: Foreign Investors Invited by Finance Minister Mahat

In a significant move to foster economic growth and development, Finance Minister Dr. Prakash Sharan Mahat has extended a warm invitation to investors from India and around the globe to participate in the upcoming Investment Summit scheduled for April 28 and 29 in Kathmandu, Nepal.

The announcement came during his address at the Vibrant Gujarat Global Summit-2024 held in Gujarat, India, where he urged investors to explore opportunities in Nepal’s key sectors such as energy, tourism, and agriculture. The Finance Minister emphasized the potential for innovative business ideas and investment decisions to become pivotal milestones in Nepal’s ongoing development.

“Nepal is hosting an investment summit on April 28 and 29. I would like to invite investors from India as well as other countries to the summit. I hope your innovative business ideas and investment decisions will be a new milestone for Nepal’s development,” remarked Finance Minister Mahat during his address at the Vibrant Gujarat Summit.

Highlighting the vast investment opportunities in Nepal, Mahat outlined the energy, tourism, agriculture, and information technology sectors as key areas of interest. Additionally, he pointed out that education, production, construction, transport, mines, and banking and financial services are also ripe for potential investment.

The Finance Minister commended the Vibrant Gujarat Concept, initially introduced by the Prime Minister of India, Narendra Modi, in 2003. He noted that the Vibrant Gujarat Development Model, now adopted nationwide, has become an inspiration for many countries, including Nepal, in effectively managing financial resources and technical knowledge to address current economic, social, and environmental challenges.

Mahat shared a recent milestone in the bilateral relationship between Nepal and India, highlighting the signing of an agreement to export 10,000 MW of electricity from Nepal to India over the next decade. This collaboration is poised to be a transformative opportunity for Nepal’s hydropower sector, contributing significantly to the nation’s energy capabilities.

“Nepal has adopted a liberal, market-oriented economic policy since the early 90s and is a member of numerous international organizations and multilateral agencies. We have been implementing trade and investment policies and regulations in line with international criteria,” stressed Finance Minister Mahat.