Bill related to foreign investment to encourage foreign investment

<p><span style="line-height: 1.42857;">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.&nbsp;</span><br></p><p><br></p><p>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.&nbsp;</p><p><br></p><p>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.</p>