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Finance Minister Sharma: The time of the project should not be extended, investors should be informed in time

PoliticsFinance Minister Sharma: The time of the project should not be extended, investors should be informed in time

Mentioning that the time period of the project will be extended and losses will be incurred if the file gets stuck, he said that time is the biggest asset.

Kathmandu. Finance Minister Janardan Sharma has urged investors to report the problem in time. He made the request while interacting with investors at the Investment Board office in Baneshwor on Sunday.

He said that prolonging the construction period of the project would lead to an increase in investment and loss. “You just informed us that a project file has been blocked for a month and a half,” he said. This makes it easier and more convenient for the government to solve problems. ”

Mentioning that the time period of the project will be extended and losses will be incurred if the file gets stuck, he said that time is the biggest asset. “Time spent on the project means our investment will increase. In other words, we are at a loss. From a professional point of view, the time should not be extended at all, ”he said.

He expressed his commitment to motivating the old investors to invest more and create an environment for new investors as well. Stating that there is ample potential for investment in Nepal and such investment would make a significant contribution to the development of the country, he said that the government would provide proper service facilities.

Minister Sharma, who is also the Vice-Chairman of the Board of Investment, directed the Chief Executive Officer of the Board, Sushil Bhatt, to make a note of the problems in the investment and the project, the current situation, and solutions.

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