PM Dahal pledges support for innovation and entrepreneurship

Published On: May 15, 2024 09:35 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 15: Prime Minister Pushpa Kamal Dahal has said the government has a policy of promoting the culture of innovation and entrepreneurship, simplifying the investment process.

Inaugurating the ‘Nepal-EU Business Forum’ organized today on the occasion of the 50th anniversary of establishment of Nepal-EU diplomatic relations, PM Dahal said that the government was committed to ensure openness for business.

“Nepal’s policy of creating a strong economic structure increases international partnership and helps in economic expansion,” he said.

Stating that there was enthusiastic participation of more than 50 countries across the world in the recent investment summit held in Nepal, the PM said a message that the international community was excited to investment in Nepal was disseminated.

On the occasion, the prime minister underscored that Nepal was ready for further collaboration with EU-member countries in Nepal’s effort of bringing in foreign investment, according to PM Dahal’s Private Secretariat.

Stating that Nepal has the goal of graduating from the least developed country status until 2026 and of achieving the Sustainable Development Goals by 2030, he pointed out the need of adequate investment and transfer of the required technology by the foreign partners to fulfill these goals.

He said that the government has recently initiated the ‘automated route’ for foreign direct investment up to Rs 500 million and expressed the belief that with this initiation will enter the managerial capacity and capital in Nepal.

“We have approved some applications for investment received via the automated route. We have been trying to strengthen our initiatives through international partners. This will bring not only capital but also the technical and managerial expertise in Nepal,” he said.




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