Chitwan:Minister for Law, Justice and Parliamentary Affairs, Sobita Gautam, announced plans to create an investment-friendly environment by amending existing laws. Addressing the 35th annual general meeting of the Chitwan Association of Industries, she noted that administrative issues arise from unclear legal frameworks.
According to National News Agency Nepal, Minister Gautam emphasized the need for timely legal amendments to address the problems faced by industrialists and entrepreneurs due to legal ambiguity. She stated that efforts are underway to clarify laws and solve existing problems.
The minister highlighted the necessity for collaboration among policymakers, bureaucrats, the private sector, and the political sector in formulating investment-friendly laws. She assured that while law-making is a lengthy process, they have reached the stage of amendments necessary for improvement.
Gautam also mentioned that law-making, even on a ‘fast track,’ typically takes six to eight months. She assured attendees that the government is preparing necessary reforms and has already conducted an extensive workshop on this matter.
Bagmati Province’s Minister for Industry, Tourism, Labor, and Transport, Rajendra Prajapati, expressed the provincial government’s commitment to solving problems faced by industrialists and entrepreneurs. Shobha Gurung, President of the Nepal Federation of Cottage and Small Industries, urged government support for industries affected by the Bhote Koshi floods. Madan Ghimire, Chairperson of Industry Association Chitwan, also spoke at the event.