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KATHMANDU, April 28: Over the last three decades, promises of foreign direct investment (FDI) totaling around Rs 500 billion have been made, but only Rs 270 billion has been received so far.
Government awaits President’s approval of the legislation aiming to streamline provisions to attract foreign investors.
Your excellencies,The Right Honorable Prime Minister Pushpa Kamal Dahal,Ministers,Honorable Deputy Prime Minister and Minister for Foreign Affairs, Narayan Kaji Shrestha,Honorable Finance Minister, Barshaman Pun,Distinguished delegates, investors, business leaders,Ladies and gentlemen, dear friends,As Secretary-General of UN Trade and Development, it is with great honor and a sense of shared purpose that I address you today at the Third Nepal Investment Summit.
Ordinance to amend laws to remove hurdles yet to reach President. Officials say Sheetal Niwas will get it today.
KATHMANDU, April 23: To attract domestic and foreign investors, the government has amended nine laws through an ordinance. These amendments are made on the eve of the Nepal Investment Summit-2024 and address long-standing complaints from the private sector that the existing laws hinder the creation of an investment-friendly environment in the country.