Kathmandu: Finance Minister Dr. Prakash Sharan Mahat underscored the numerous reasons for investors to consider investing in various sectors of Nepal during discussions with development partners at the Finance Ministry. The meeting, held on Monday, focused on preparations for the upcoming 3rd Investment Summit scheduled for April 21 and 22 in Kathmandu.

Minister Mahat identified hydropower, tourism, information technology, and agriculture as prime sectors with significant potential for investment in the country. Emphasizing the government's commitment to facilitating investment, he encouraged investment in small and medium-scale enterprises, stating that Nepal offers immense opportunities for investors.

The discussions also addressed the forthcoming investment summit's effectiveness and desired outcomes. Development partners shared their experiences, contributing to the formulation of goals and objectives for the summit.

Minister Mahat informed the gathering that the Anti-Money Laundering bill would soon be passed by Parliament, and efforts are underway to complete the Sovereign Credit Rating of Nepal before the investment summit. He assured that the government is actively addressing challenges and obstacles in the investment sector.

Chief Secretary Dr. Baikuntha Aryal stressed the need for policy-level and procedural reforms to align with investors' commitments, highlighting ongoing efforts for internal preparations to host the third investment summit.

To organize the investment summit, a Steering Committee led by the Finance Minister has been formed, alongside an Implementation Committee under the coordination of the Chief Secretary and a Technical Committee led by the Secretary of the Industry, Commerce, and Supply Ministry. The government's commitment to fostering a conducive environment for investment was reiterated during the discussions.