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Kathmandu Sunday November 18, 2001 Marga 03, 2058.
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NLL team meet PM
KATHMANDU, Nov 17 (PR) – Officials of
the Nepal Lever Limited (NLL) called upon the Prime Minister Sher Bahadur Deuba at the
Prime Minister’s residence, Baluwatar here today.
According to a press release issued by the
NLL, during the meeting, M S Banga, the chairman of the NLL briefed about the progress of
the company’s operations in Nepal, that came into the operation ten years ago. Ravi
Bhakta Shrestha, the president of the Federation of Nepalese Chambers of Commerce and
Industries (FNCCI) was also present in the meting.
"Nepal Lever Limited is the first major
foreign direct investment to come to Nepal after the restoration of multi-party democracy
and the introduction of economic reforms," the release quoted Banga as saying.
However, there is a need to create more
conducive climate for investment to realize the "second generation reforms"
spearheaded by the government to attract more foreign investments, Banga, who is also the
Chairman of Hindustan Lever Limited said.
Banga suggested the Prime Minister for accelerating tax
reforms and pointed out the difficulties faced by the indigenous manufacturer-exporters in
Duty Drawback Refund and IncomeTax Assessments. |
