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Started 5 days ago · Updated 2 days ago

Gandaki Province Government Seeks Private Sector Collaboration for Investment

Photo · english.ratopati.com

The Gandaki Province government plans to collaborate with the private sector to attract investment and boost economic development. Private sector representatives have expressed concerns that an investment-friendly environment has not yet been created due to issues like difficult business policies, excessive delays, and high tax rates.

  • Private sector representatives highlighted the need for easy business policies and for the government to provide guardianship to businesses.
  • Concerns were raised about Nepal's lengthy project initiation processes and high tax rates discouraging investors.
  • Suggestions included making the tourism sector dynamic, investing in tourism circuits, and developing necessary infrastructure.
  • The private sector also demanded amendments to laws to facilitate land acquisition processes.
  • Participants discussed potential collaboration between the Investment Board Nepal and the provincial government for public-private partnerships.

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Federation of Nepalese Chambers of Commerce and Industry Investment Board Nepal Confederation of Gandaki Industries Gandaki Province

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