Government Unveils ‘Growth Pole’ Strategy to Drive Balanced Regional Development
Summary
The government prioritizes balanced regional development, agricultural revival, tourism promotion, and an investment-friendly environment in the 2026/27 budget, introducing the 'Growth Pole' strategy and 'Investment Express' to boost economic growth across key areas.
Key Points
- The government has prioritized balanced regional development, agricultural revival, tourism promotion, and investment-friendly environment in the 2026/27 budget.
- The 'Growth Pole' strategy aims to develop rural and urban areas with high economic growth potential, including the Mid-Madhes quadrangle and Kaligandaki Civilization Area.
- Tax incentives will be provided for herbal, hydropower, tourism, and mining sectors covering various key highways and regions.
- The 'Investment Express' concept and 'Single Route System' will be implemented to simplify services for investors, integrating company registration, tax, labor, and visa services.
