The Nepal Investment Summit 2019 ended on Saturday on a high note, particularly for the private sector, as the closing ceremony witnessed the signing of 15 deals and memorandums of understanding between Nepali and foreign companies.
In an interview with the Post, former Finance Minister Mahat says some of the acts brought to attract foreign investment are questionable, and that the China-Nepal-India railway corridor would not have been on his immediate priority list.
The Post’s Mukul Humagain talked with some of the stakeholders who deal with FDI to know whether the new laws address investors' concerns, whether they will entice them into investing in Nepal and whether they are on a par with regional standards.
‘Investors make investment only when they see good returns. If we look at Nepal's history, foreign investors who've invested here have been getting good returns on their investments. This attraction will remain there if we back this process up with a sound legal and institutional regime.’
As the government intensifies its preparation for another high-profile investment summit, key development partners have expressed concerns over the country’s investment climate, red tape, and lack of policy reform hindering businesses.