Foreign investors are in a wait-and-see mode, but they have not said they will withdraw their hands: CEO Chairman
लगानी न्यूज
. Chief Executive Officer (CEO) of Investment Board Nepal Sushil Gyewali has said that some foreign investors are in a wait-and-see situation. “Investors are excited to invest in Nepal,” he said.
Speaking at the NAFIZ AGM on Sunday, CEO Gyawali said, “There are projects worth Rs 170 TAG_OPEN_div_26 0 billion in the pipeline. Some investors are in a wait-and-see mode. However, so far, investors who want to invest have not said that they will withdraw their hands. Instead, they are excited to work at a faster pace as the investment climate is improving in Nepal. ’
He also informed that the game-changing projects are in the pipeline and those projects are about to be finalized.TAG_OPEN_div_24 According to him, preparations are underway to keep experts as members in the Investment Board. Since there is a need for experts in the board, it is necessary to bring them to the board as members.
‘The Investment Board is in the process of reforming. Preparations are underway to appoint experts as members of the Investment Board. The Board is ready to create conducive environment for increasing investment in Nepal,” he said.
} Investors need to be urged to invest with confidence, he said. CEO Gyawali said, “After the Genji movement, investors have increased their interest in the situation in Nepal. Now, investors need to be convinced to increase their investment. If they are not confident in investing, they do not have the confidence to invest. ’
He said that the Board has been working to increase the investment environment among the private sector, investors and the government in recent period.TAG_OPEN_div_18 “We have to sit down and discuss the private sector and those who have had a direct impact on the Genji movement, including the finance minister,” he said, adding that there is no alternative to it.
} Investors are preparing to come to Nepal with whatever conditions they are preparing to come to Nepal, they are being assured that there will be no change in the agreement in the future. He said that they are preparing to sign the agreement in such a way that the terms of the investment will not change later.
He said that the private sector has demanded that the legal issues and difficult aspects should be eased to create an environment for investment in Nepal.TAG_OPEN_div_14 According to him, the board has moved ahead by forming a committee to clarify which projects the government should carry out and which projects should be carried out by the private sector. CEO Gyawali said that the Board has forwarded the approach of not giving any project outside the framework of the competition.
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