Overseas Nepalis are not impressed

29 Mar 2019

Sewa Bhattarai

They say new Acts do not address their misgivings about investing in their homeland

Learning from the success of overseas Chinese and Indians investing in their homeland, the Nepal government hurriedly passed two foreign investment related bills recently. But non-resident Nepalis are not impressed.

The Public Private Partnership and Investment (PPPIA) Bill was passed by Parliament on 18 March, and the Foreign Investment and Technology Transfer (FITTA) Bill on 22 March, but investors say it does not go far enough in allying their concerns.

Source : Nepali Times