Thursday, September 26, 2019

Raut for investment protection and facilitation in province 2


Kathmdndu, Sept. 24
Chief Minister of Province 2 Lalbabu Raut has said that the state was ready to take every step to ensure the security of investment.
“The provincial government will support the investors with required facilities, including business-friendly laws and policies,” he said in an interaction with the Confederation of Nepalese Industries on Tuesday.
There would be no prosperity without investment so I would like to reiterate my commitment to the protection of the investors’ interest, said Chief Minister Raut.
The province is putting its efforts in legal reforms, tax exemption and easy land acquisition to attract more investors. CM Raut also expressed commitment to take initiation to resolve the issues like double taxation and variation in electricity charges.
State 2 is also working to provide concession in tax for 20 years, ease land acquisition process, and register business and industries within three hours.
On the occasion, CNI President Satish Kumar More said that it was the time to create environment of confidence among the federal and provincial governments, and investors.
“Crisis in confidence between the different levels of government and investors may discourage both the domestic as well as foreign investors,” he said.
More pointed towards the need to devise better policies and create better investment climate to develop and expand the Simara-Birgunj Corridor and economic hub in Birgunj.
Vice-President of CNI Birendra Raj Pandey said that the private sector body was expecting support from the provincial government in creating Provincial Partnership Investors Forum. 

Published in The Rising Nepal daily on 24 September 2019. 

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