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The Government of Nepal has recently made public a draft version of the Foreign Direct Investment Policy 2070. The policy will only become law and have an impact on investors once the bill is drafted and is passed as an Act or an Ordinance. . . .
The Investment Board of Nepal, formed last year under the Investment Board Act 2012, and also acting under Investment Board Regulations 2012, has been remarked by a number of leading business newspapers as "failing to take projects forward" . . .
The total approved foreign investment by the Department of Industries has reached around USD 122 million in the first half of this fiscal year according to recent press report . . .