Kathmandu, July 8
President Ramchandra Poudel on Monday authenticated the Bill
made to amend some laws to facilitate investment.
According to a statement issued by the Office of the
President, he validated the bill as per Article 113(2) of the Constitution of
Nepal.
In a bid to attract investment in Nepal, the government had
amended various acts related to investment in various areas as well as
environment, land and technology transfer.
The list of laws includes Industrial Enterprise Act 2076,
Lands Act 2021, National Parks and Wildlife Conservation Act 2028, Land
Acquisition Act 2034, Special Economic Zone Act 2073, Public Private
Partnership and Investment Act 2075, Forest Act 2076 and Foreign Investment and
Technology Transfer Act 2076.
Earlier, the government announced the amendment through an
ordinance before the Investment Summit in April.
Published in The Rising Nepal daily on 9 July 2024.
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