KATHMANDU, Nov 28: While the government has stepped up its efforts to conduct another investment summit, experts and private sector stakeholders have criticized the government for failing to implement necessary provisions that were committed in the previous editions to attract the foreign direct investment (FDI).
The 56th meeting of the Investment Board Nepal (IBN), chaired by Prime Minister Pushpa Kamal Dahal ‘Prachanda’, has recommended that the government of Nepal address issues related to the 0-24 km road section of the entrance route to the 100 MW Arun III Hydropower Project in Sankhuwasabha district.
The Make in Nepal initiative, jointly started by the government and the private sector, had envisioned four targets to boost the job market and the economy, but they all failed.
Once the bill is endorsed by the lower house, the Commission for the Investigation of Abuse of Authority will be able to investigate private firms linked to public interest.