Kathmandu, March 7

In another development the meeting of House of Representatives today also passed the proposal seeking consideration on ‘Public-Private Partnership and Investment Bill-2075’, with majority.

Finance Minister Yubaraj Khatiwada on behalf of Prime Minister KP Sharma Oli had presented the proposal.

Before this, lawmaker Dev Prasad Gurung, said that there should be participatory and supportive role of the private sector in nation building, adding that public- private partnership was necessary for the country’s prosperity.

Stressing the need of keeping domestic investment in priority rather than foreign investment, he said that investment should be approved keeping national sovereignty and security in mind.

Similarly, lawmaker Janardan Sharma, said that although the bill was brought in order to fulfil the expectations and spirit of development, it lacks a concrete plan.

He also cast doubt over effective work of Investment Board Nepal on time citing that the structure of IBN was not very efficient.

Lawmaker Khagaraj Adhikari, stressed the need of increasing the limit of capital at a time when the country has moved ahead towards the journey of prosperity. He further said that the bill has not clearly mentioned about the provision to resolve the problem of land acquisition to operate industrial projects.

Finance Minister Khatiwada while responding to the queries of lawmakers said that the bill was essential to pave the way for prosperity and socialism with the cooperation of all as the constitution has clearly maintained the way for socialism.