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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