“The Investment Board Act needs to be amended. The Board should be a government agency which runs like a private sector company.”

Radhesh Pant, CEO, Investment Board Nepal, describing the challenges faced by the Board.

 

‘The government should clarify about the second phase of economic reforms.’

FNCCI President Pradeep Jung Pandey demanding the government to clarify as to which sectors will benefit from the second phase of economic reforms which will soon be implemented, according to Finance Minister Dr Ram Sharan Mahat. Pandey also expressed the private sector’s support to the second phase of economic reforms.        

 

“The next budget will be investment-friendly and production-oriented.”

Finance Minister Dr Ram Sharan Mahat explaining that the budget for fiscal year 2014/15 will give priority to productive sectors such as energy, tourism and agriculture and will promote investment in these sectors.

 

“The opportunity to bring the private sector in the oil trade competition has arrived now. But the formation of a Petroleum Board and the formulation of its Act are the pre-requisites to it.”

Purushottam Ojha, former Commerce Secretary, arguing that the private sector should participate in the import of petroleum products.