KATHMANDU, June 28: The main opposition party, Nepali Congress (NC), has decided to file a collective amendment proposal on the Investment Facilitation Bill.
A meeting of the NC parliamentary party (PP) held in Singha Durbar on Wednesday took a decision to this effect after consultation with a section of entrepreneurs, industrialists and investors on the Bill.
A decision was made to put the amendment proposal in a group seeking legal reforms to the bill which is not investment-friendly, said House of Representatives (HoR) member Nagina Yadav who also attended the meeting.
The amendment proposal will be registered on behalf of the NC parliamentary party also on the basis of the recommendations of industrialists, entrepreneurs and investors, she further shared.
President Paudel approves Bill on Investment Facilitation
Lawmaker Yadav said there was a need for an eight-point amendment to the bill formulated to facilitate foreign investment facilitation.
The amendment proposal will be made in areas including land ceiling, land acquisition, forest, public private partnership investment and special economic zone.
As a party with a conviction on liberal democracy, the NC has explored alternatives and thoughts on flexible measures to attract foreign investment.
The entrepreneurs also voiced their concerns for not addressing their inputs and recommendations made in the course of discussion earlier in the bill.
The NC's assistant general secretary said the parliamentary party held consultation with experts and stakeholders on the investment bill as part of its routine discussions on several bills. According to him, the entrepreneurs recommended the NC to emphatically put an amendment proposal to bring reforms to the investment facilitation bill.
Chiefs and representatives of the umbrella organization of industrialists and entrepreneurs attended the discussion.
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