Minister
for Industry Nabindra Raj Joshi Tuesday urged the international community to
participate in Nepal Investment Summit slated to be organised on 2nd
and 3rd of March 2017 and increase the investment in Nepal.
Speaking
at a meeting with the ambassadors of various countries and head of the
diplomatic missions in Kathmandu at his Ministry, Minister Joshi asked them to
participate in the summit in order to understand business potential as well as investment
environment in the country.
"There
are no political and policy-related obstacles while investing in Nepal,"
he said.
The
government has decided to hold a two-day Investment Summit in Kathmandu in
March with the objective of luring foreign investors by promoting various
business and investment opportunities in Nepal.
Saying
that all the political parties were sensitive about the economic agenda, Joshi said
that his Ministry was ready to guarantee the safety of the investment.
According
to him, some Acts that facilitate the businesses and investment climate had
been passed by the parliament while some are in the process to be approved. He
also said that the registration process of industries had been simplified and
made swift.
"The
government has given topmost priority to the large-scale industry as they
generate large number of employment. Therefore, there will not be any
discrimination between the domestic and foreign investment," he said.
Mission
heads and representatives of South Asian Association for Regional Cooperation
(SAARC), Japan, the United States, Sweden, South Africa, Myanmar, New Zealand,
Thailand, Czech Republic and other friendly countries participated in the
meeting.
They urged the government to bring out the
Labour Act as soon as possible.
The Minister had earlier said that the summit would
discuss the investment sectors with high yield potential such as energy and
infrastructure, information and communication technology, tourism, financial
sector, mines and minerals, and agro-processing industry.
The government is planning to invite some big
multinational and international companies that have invested in Nepal.
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