Bill related to foreign investment to encourage foreign investment

Posted on: June 04, 2017 | views: 106

In a good move that is expected to promote foreign investment, investments worth up to Rs 5 billion will be approved from the Department of Industry. 

A Cabinet meeting on Friday passed a Bill related to foreign investment that was stuck for long in the Parliament.\The Bill has been amended to integrate laws related to foreign investment. 

Reacting to the passage of the amended bill at a press conference held at the Ministry today, Industry Minister Nabindra Raj Joshi said, a conducive environment has been created for foreign investments with the endorsement of the bill.