KATHMANDU, JANUARY 10

Finance Minister Dr Prakash Sharan Mahat has extended an invitation to investors from India and other countries to participate in the Investment Summit scheduled for April 28 and 29 in Kathmandu.

He has encouraged them to consider investing in Nepal's energy, tourism, and agriculture sectors.

While addressing the heads of nations, ministers, and investors from different countries at the Vibrant Gujarat Global Summit-2024 in Gujarat, India, today, the Finance Minister invited attendees to the investment summit, according to a statement from Finance Minister Mahat's Private Secretariat.

During the event, he stated, 'Nepal is hosting an investment summit on April 28 and 29. I would like to invite investors from India and other countries to the summit. I hope your innovative business ideas and investment decisions will be a new milestone for Nepal's development.'

Highlighting the significant investment opportunities in Nepal's energy, tourism, agriculture, and information technology sectors, the Finance Minister also mentioned that education, production, construction, transport, mines, banking, and financial services are additional areas with investment potential.

He praised the Vibrant Gujarat Concept initiated by India's Prime Minister, Narendra Modi, in 2003, stating, 'The Vibrant Gujarat Development Model, adopted nationwide, has now become a source of inspiration for many countries, including Nepal, for managing financial resources and technical knowledge to address current economic, social, and environmental challenges.'

Finance Minister Mahat shared that Nepal and India recently signed an agreement to export 10,000 MW of electricity from Nepal to India in the next 10 years, presenting a significant opportunity for Nepal's hydropower sector.

He emphasized that Nepal has been following a liberal, market-oriented economic policy since the early 1990s, being a member of various international organizations and multilateral agencies. 'We have been implementing trade and investment policies and regulations in accordance with international criteria,' he stressed.