The budget for fiscal year 2013/14, which Finance Minister Shankar Prasad Koirala unveiled on Sunday, has laid emphasis on infrastructure development, including hydropower projects, transmission lines, infrastructure, irrigation projects, and promotion of some export oriented industries. Programs to promote foreign investment have also been included in the budget by drafting the Foreign Investment and Technology Transfer Act. The government has added Pashupati Area Development, Lumbini Area Development Trust, President´s Chure Conservation Program, and Bheri-Babai Diversion Projects to the list of national pride projects. The government has prioritized public private partnership policy to develop physical infrastructures and increase private sector investment. For this, the government is providing additional resources to the Investment Board Nepal, which has been formed to channelize investments for big projects. It will also enact a law related to special economic zones to support export-oriented industries.
Posted on: Mon, 15 Jul 2013 04:17:52 +0000
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