KATHMANDU, DECEMBER 11
Finance Minister Dr Prakash Sharan Mahat has stated that there are numerous reasons for investors to consider various sectors in Nepal for investment.
Following a discussion with development partners at the Finance Ministry on Monday, related to the 3rd Investment Summit scheduled for April 21 and 22 in Kathmandu, Minister Mahat identified hydropower, tourism, information technology, and agriculture as the best sectors for investment in the country.
"One can invest in small and medium-scale enterprises. There is immense potential for investment in Nepal. The government is actively working to remove any hurdles seen in the investment sector," he said.
During the discussion, development partners explored ways to make the investment summit effective and result-oriented. Minister Mahat highlighted that there was a discussion about adopting goals and objectives based on the experiences of development partners.
"We will soon pass a bill related to Anti-Money Laundering in the parliament. We will complete the Sovereign Credit Rating of Nepal before the investment summit. We are actively addressing all types of problems and challenges," he added.
Similarly, Chief Secretary Dr. Baikuntha Aryal emphasized the need for policy-level and procedural reforms to align with investors' commitments. He mentioned that the government has expedited internal preparations to host the third investment summit.
To organize the investment summit, a Steering Committee under the coordination of the Finance Minister has been formed, along with an implementation committee led by the Chief Secretary and a Technical Committee under the coordination of the Secretary of the Industry, Commerce, and Supply Ministry.
