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Some Key Recommendations
- Acknowledging the fact that, due to several drawbacks, it is difficult to attract investments across all sectors in Nepal, the report suggests focusing primarily on attracting FDI in some key country competitive sectors.
- Offering financial and no-financial incentives, at least at par with other competing countries/ regions of our area, for attracting investments in Nepal.
- Establishing SEZ/ EPZ/ PSZ/ EPV to enable Nepalese goods and services to be more competitive.
- Introduce new legislative instruments like Competition Act, Bankruptcy Act and introduce necessary reforms in Company Act, Labor Act, to enhance competition & transparency and to lower rigidities in doing business in Nepal and also for providing flexibility to respond with changing global business environment.
- Strengthening Stock Exchanges and Capital markets, working towards full convertibility of the Nepalese Rupee and introducing critical departure & further reforms in the Banking and Financial sector.
- Setting up High - powered, independent and autonomous Board of Investment (BOI) under the Chairmanship of the Prime Minister to function as a one - stop cell for investment
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Full Report
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