The government is planning to launch the portal at the cost of Rs. 5 million with the financial and technical support from the US-Aid and Confederation of Nepalese Industry (CNI).[break]
Preparations for launching the portal based on public private partnership (PPP) model have reached the final phase, said CNI Executive Director Mahendra Neupane.
The objective of the portal is to attract foreign investment into the country and link all investment-related information into a one-door system and thereby help make the Nepal Investment Year a success, according to Neupane.
Devices required for launching the portal have already been purchased and the government has given the domain name system for it, he added.
It is learnt that the portal to be operated by the Industry Ministry will have all information about Nepal including its socio-economic structure, market size, whether, climate and physical infrastructures.
Similarly, all the necessary information on foreign investment, one door policy, hydropower development, industrial, labour and employment, and commerce and tourism policies, acts, rules and regulations will be put on the portal.
Besides, the portal will provide complete information about investment process, process for licenses of direct foreign investment, direct foreign investment, role of government and the private sector, and polices concerned including provisions on purchase, value added tax, money laundering, minimum wages, income tax, among others, said Neupane.
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