Finance Minister Urges Private Sector to Increase Investment

May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.

Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.

He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.

“In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,” he said, adding that the government will not interfere with the private sector.

“The government doesn’t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,” he said.