Increasing investment Govt’s top priority: PM Deuba

KATHMANDU, Aug 3: Prime Minister Sher Bahadur Deuba has said that the government’s top priority has been increasing both domestic and foreign investment in Nepal.

“The country’s economy has as encouraging prospect. Our other priorities include increasing gross domestic product and creating employment opportunities,” said PM Deuba while inaugurating the 2nd Nepal Responsible Business Summit organized by the National Business Initiative in Kathmandu on Thursday.

Informing that some of laws have already been amended and the process was on to amend others, Deuba added, “Our efforts are on to clear administrative and legal hurdles, which ultimately will help investors in many ways.”

Pointing out that private sector be made efficient enough for overall development of the country, the PM viewed that problems surfaced in private sector could not be resolved overnight. “And for that laws and rules are not enough too. Businesspersons should also abide by self-rules and regulations themselves.”

He also informed that required preparations were afoot for the elections at provincial and federal level, and that the Constituency Delimitation Commission has begun its task.

The two-day Summit has been attended by scores of businesspersons, experts in different subjects and researchers from various countries including Nepal, India, China and Singapore. RSS