KATHMANDU, APRIL 23
The government of Province 3 recently held discussions with private sector representatives in Bharatpur to promote private investment in infrastructure, industry, specialised services, specialised agriculture and heritage-friendly tourism sector.
Khimlal Devkota, vice chair of Provincial Policy and Planning Commission, expressed the commitment of Province 3 in enhancing the investment environment of the province, while Binod Kumar Chaudhary, industrialist and member of parliament, mentioned that Province 3 is a ‘Super Province’ with competitive advantages by almost all measures. To that end, Province 3 is wellpoised to leverage its strengths and lead the provincial investment landscape in Nepal.
Creating an enabling environment and changing the current landscape for the private sector was one of the key issues discussed in the event, as per a media release.
Chief guest and Co-chair of Nepal Communist Party (NCP), Pushpa Kamal Dahal, emphasised on the need to ‘change the mindset to promote growth and private investment’.
This sentiment was reiterated by other speakers in the event, including Hari Bhakta Sharma, president of Confederation of Nepalese Industries.
“Profit-making is not inherently bad and generating more revenue should be recognised rather than shunned to encourage private investment.”
Former finance minister Ram Sharan Mahat stressed the need to develop strong capacity of institutions to promote investment. Similarly, Radhesh Pant, former CEO of Investment Board Nepal, expressed the need to build sustainable coordination between public and private parties and within the government.
Written by Sandeep Sen
This news first appeared on https://thehimalayantimes.com/business/domestic-investment-summit-held-in-bharatpur/ under the title “Domestic investment summit held in Bharatpur”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.