Finance Minister Urges Multinational Companies to Increase Investment
Summary
Finance Minister Dr. Swarnim Wagle has urged multinational companies operating in Nepal to expand their investments, launch new products and technologies, and create more jobs. Company representatives said they are planning to invest about Rs 200 billion in Nepal but want policy stability, tax reform, and a more investment-friendly environment.
Key Points
- Finance Minister Dr. Swarnim Wagle asked 20 large multinational taxpayer companies to increase investment and expand operations in Nepal.
- Company representatives said investment worth around Rs 200 billion is underway and pledged to expand further if policy stability improves.
- The companies called for reforms in income tax, labor laws, customs rates, double taxation rules, and investment repatriation procedures.
- The discussion included Nepal heads of firms such as Surya Nepal, Ncell Axiata Limited, Unilever Nepal, Dabur Nepal, Bottlers Nepal and others.
