Nepali Times
From The Nepali Press
Investment zones



The government is preparing an announcement of special economic areas across the country with an ordinance which has been delayed because of Surya Bahadur Thapa's resignation. The idea is to declare any potential area as an economic zone where construction, operation and management will be the responsibility of a special economic area authority. The authority is supposed to build the right infrastructure for economic activities, monitor the industries established in the area and provide a one-window service to investors. The authority will also be responsible for creating an investment-friendly environment in such areas and attract both domestic and foreign investors.

The idea has also come in line with recommendations made at the non-resident Nepalis' conference last year where they asked the government to create an environment conducive to foreign investments. The special economic area authority will allow investors to establish industries for 30-year extendable periods. No property in these areas will be nationalised and investors in such areas will enjoy various tax rebates.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


ADVERTISEMENT



himalkhabar.com            

NEPALI TIMES IS A PUBLICATION OF HIMALMEDIA PRIVATE LIMITED | ABOUT US | ADVERTISE | SUBSCRIPTION | PRIVACY POLICY | TERMS OF USE | CONTACT