Kathmandu, Feb. 8
A meeting of the Steering Committee of the third Nepal Investment Summit
(NIS) has discussed the reports and projects related to policies, laws and
structural reforms prepared in view of the summit.
Speaking at the meeting held on Thursday, Minister of Finance and Coordinator
of the Committee, Dr. Prakash Sharan Mahat, said that international investors
are getting interested to invest in Nepal and instructed the concerned
authorities to prepare projects seriously.
"There is an unprecedented opportunity for us to attract investment, so
the government will leave no stone unturned in legal and policy reforms to
attract foreign as well as Nepali investors and non-resident Nepalis," he
said.
The main goal of the investment conference is to convey the message that
Nepal is an excellent investment destination to the world community.
Ek Narayan Aryal, Coordinator of the Policy, Law and Structural Reform
Working Group and Secretary of the Prime Minister's Office, presented a report
on legal and policy reforms which included the inputs received in the meeting
of the Investment Conference Implementation Committee chaired by the Chief
Secretary. According to him, a bill to amend some Nepal Acts to facilitate
investment would enter the parliamentary process soon.
The task force aims to remove the legal and policy obstacles in industry,
business and investment sectors and to remove the difficulties and delays
experienced in the implementation of construction projects.
For the same, amendments are proposed in the laws related to national parks
and wildlife reserve, land and land acquisition, environment protection, electronic
transactions, civil aviation, and foreign investment and technology transfer.
Mukunda Niraula, Secretary of the Ministry of Industry, Commerce and Supplies,
and Coordinator of the Technical Committee, made a presentation regarding the
preparation of the projects to be presented at the NIS 2024. The technical
committee has prepared a preliminary list of projects by classifying them in
various stages of project study and proceeded with further homework, informed
the Investment Board of Nepal (IBN).
Sushil Bhatta, Coordinator of the Investment Conference Secretariat and CEO
IBN, made a detailed presentation about the overall preparations for the NIS.
Ministers of various ministries, Vice-Chairman of National Planning
Commission, Dr. Min Bahadur Shrestha, Chief Secretary Dr. Baikuntha Aryal, Governor
of the Nepal Rastra Bank, Maha Prasad Adhikari, secretaries of various ministries,
and private sector representatives were present at the meeting.
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