KATHMANDU: Minister for Finance Dr Prakash Sharan Mahat has urged Indian investors for spurring investment in Nepal with confidence as Nepal is a fertile land from investment and returns perspectives.
In his address to a program hosted by the Gujarat Chamber of Commerce of India in Gujarat, Finance Minister Dr Mahat called for Indian investors to flow investment in Nepal, according to the Ministry of Finance.
He said Nepal has recently signed an agreement to export 10,000 MW of electricity to India which would resultantly incentivize hydropower production in Nepal and also open up several avenues for the industries to supply power in higher quantity.
He further noted that Nepal is in a situation to ensure hydropower supply all times at a cheaper price and the goods produced in Nepal also get easy access to India which he said would enable the environment for investment promotion.
Finance Minister Dr Mahat urged the Indian business community to confidently make investments as there is no trouble at the policy level in returning the yields to their home country.
Dr Mahat went on saying that there are abundant opportunities for investment in agriculture enterprises, information technology and tourism besides energy production.
The advancement of information technology sector is gaining momentum in Nepal, Dr Mahat said, adding availability of cheaper human resource can promote competitive market capacity.
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