Ordinance on Investment Facilitation presented in HoR

Kathmandu: The Ordinance to Amend Some of Nepal Acts for investment facilitation-2081 BS has been presented in the House of Representatives (HoR) today. The Ordinance aims to facilitate the atmosphere for investment through amendments to some acts of Nepal and was presented to the HoR session by the Minister for Industry, Commerce and Supplies, Damodar Bhandari, before the session. While presenting the Ordinance, Minister Bhandari said the Ordinance for investment facilitation had been issued to make policy and legal reforms in the course of the Nepal Investment Summit that was held on April 28-29. As he said, at that time the House was not in session and the acts were revised by the Ordinance. It allows the registration of startup industries, the extension of the term of operations of industries by further clarifying the matter of handover of foreign investment technology, mentioning facilities for industries remaining in the special economic zones, and so on. Source: National News Agency RSS