Private Sector Urges Rastriya Swatantra Party to Create Investment-Friendly Environment
Summary
Private sector representatives urged the Rastriya Swatantra Party to foster an investment-friendly environment in Nepal, highlighting infrastructural weaknesses and calling for tax reforms and incentive packages.
Key Points
- Private sector urges Rastriya Swatantra Party to create an investment-friendly environment in Nepal.
- Ncell CEO Michael Foley emphasized the need for major investments in telecom infrastructure including 5G and data centers.
- Industrialists highlighted the need for improving Nepal's international image and providing incentives to attract foreign investors.
- Calls were made for implementing a multi-rate VAT system and reducing tax rates to formalize business and boost the economy.
