Politics

PM Oli calls for increased investment in Nepal’s growing economy


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KATHMANDU: Prime Minister and CPN (UML) Chairperson KP Sharma Oli has encouraged entrepreneurs to invest in Nepal, saying the government has made it an investment-friendly country. Speaking at an awareness event organized by the three district committees of the CPN (UML) Kathmandu Valley at Durbar Marg, Oli told investors that the administration is committed to creating a secure and prosperous environment for company growth. 


He emphasized how the present administration, which is led by the UML and the Nepali Congress, has successfully raised Nepal's economic standing through its plans and strategies despite the country's past economic challenges.


Assuring them of safety and sound governance, Oli also urged foreign corporations and indigenous businesspeople to invest in Nepal. Assuring investors that the government will take action to provide a stable atmosphere that supports growth and development, he invited them to support the goal of a "Prosperous Nepal and Happy Nepali."


In response to recent rumors and critiques, Prime Minister Oli said that there was no truth to the unfounded accusations made against the government. He explicitly cited allegations of insults and libelous remarks, as well as cooperatives engaging in dishonest business activities. 


Oli reaffirmed the government's commitment to preserving Nepal's values and cultural pride while pursuing its economic objectives by adamantly declaring that fraud or dishonesty of any kind would not be accepted.


Oli also urged his detractors to have direct conversations instead of creating baseless rumors in his speech. He stated that he is willing to engage in open discourse with individuals who disagree with his leadership and government policies in order to clear up misunderstandings and advance transparency.


Prime Minister Oli also discussed worries about industries not meeting their financial commitments. He underlined that the government should not turn off power to these sectors because doing so could hurt the nation's economy, even though the Nepal Electricity Authority (NEA) is legally required to seek arrears from them.


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