He said his visit closely follows the state visit of Nepalese Prime Minister K P Sharma Oli to India last month.
"These high-level and regular interactions reflect my government's commitment to the 'neighbourhood first' policy, in consonance with the motto of sabka saath, sabka vikas'," the statement said.
Modi said the two countries have completed several bilateral connectivity and development projects in the last few years, and initiated transformational initiatives for the benefit of their people.
"Prime Minister Oli and I will have the opportunity to take forward our recent wide-ranging discussions in New Delhi on issues of mutual interest, and to advance our cooperative partnership across diverse sectors," he said.
"As Nepal enters a new era of consolidating gains of democracy and achieving rapid economic growth and development, India will continue to remain a steadfast partner of government of Nepal to implement its vision of samriddha Nepal, sukhi Nepali' (prosperous Nepal, happy Nepal)," read the statement.
In addition to Kathmandu, Modi said he was also looking forward to visiting Janakpur and Muktinath. Both these places attract a large number of pilgrims every year.
"They are living testimony to the ancient and strong cultural and religious ties between the peoples of India and Nepal," he said.
The prime minister said he was also looking forward to meeting the political leaders and friends in Nepal.
"I am confident that my visit will further cement our people-centric partnership with Nepal on the basis of mutual benefit, goodwill and understanding," Modi noted.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.