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1 policies plenary_mr lal shanker ghimire

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Presentation by Mr. Lal Shanker Ghimire, Secretary, Ministry of Finance

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1 policies plenary_mr lal shanker ghimire

  1. 1. CREATING CONDUCIVE BUSINESS CLIMATE: Investment Opportunities and Policy Reforms Lal Shanker Ghimire Secretary, Government of Nepal
  2. 2. NEPAL The 3-Three Actors of Development Population 29.1 million Per Capita US$ 1004 Area 147181 sq.km. GDP US$ 30billion Growth Rate 6.3 Percent 1 The Legislature The Executive The Judiciary 2 Center Province Local 3 Public (ODA) Private (FDI and Others) Co- Operatives
  3. 3. The Foundations • An Open Society • The Constitution: Federal System of Governance • Elections-Three Tiers (Centre, Province and Local) • The Government: A Clear and Overwhelming Mandate with Full Majority • The Directive Principles - The Foreign Investment • A Liberal Economy
  4. 4. The Laws and Policies - I • Taxes and Trades • Investment • Foreign Exchange • Labor and Labor Markets • Investment Handling: One-stop service • Land and Forest • Roads and Electricity
  5. 5. The Laws and Policies - II PPP AND INVESTMENT ACT • Investment Board of Nepal (USD 60 million above) • PPP Centre • Governance and Mandates • Governance • Mandates • Grievances Handling • Industrial Development Board (up to USD 60 million) • Department of Industries (up to USD 50 million) • VGF • Blended Finance
  6. 6. The Laws and Policies - III FITTA • Lease • Upper Limits • Branches and Venture Capital • Bond and Securities • The country rating • Repatriation • Forex Accounts • Guaranteed National Treatments • Dispute Settlements • Negative Lists
  7. 7. The Laws and Policies - IV THE COMPANY ACT • Protection • Process Simplification • Online Registration and other Transactions • Shareholders THE INDUSTRIAL ENTERPRISES ACT • Entry, Operate and Exit (EOE) • Nationalization THE LABOUR LAWS THE HEDGING SPECIALIZED FINANCING MECHANISM
  8. 8. The Markets and the Demands The RREAT •Roads •Railways •Energy •Agriculture •Tourism 2,000KM Railway 2,000KM Paved Way 15,000MW Energy 5 International Airports 5 Million Tourists Agriculture
  9. 9. BIPPA  Germany  France  United Kingdom  Finland • Mauritius • India DTAA  China  India  Qatar  Mauritius  Austria  Norway  Thailand  Sri Lanka  Pakistan  South Korea  Bangladesh  LDCs and LLDCs Facility  Duty free and open border access to India (except some products)  Duty free access to China for around 8,000 products  Duty free, quota free market access to European Union under Everything But Arms (EBA) arrangements  Duty free US market access to (77 products) 66 types of garment items for 10 years from 2016 Market Access Members of Regional Agreements Members of Multilateral Agreements The Windows to the World 9
  10. 10. Investing in Nepal The Goals • Aspiring to become a Middle Income Country by 2030 Population and Demography Nearby Markets Areas and Scopes Geography and Biodiversity The Time Zone CHINA Total: 1.45 billion Adjoining: 6.2 million INDIA Total: 1.35 billion Adjoining: 458 million BANGLADESH Total: 164 million
  11. 11. The Next! •BIA •The IPR •15th Plan and Long Term Strategy 2100 •Policies and Programs of the Government •The Budget •The Financial Procedures and Accountability Act 11
  12. 12. You are Welcome: Come and Invest! Thank You !

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