The meeting of the council of ministers today gave approval to the draft bill of National Mineral Policy and National Intellectual Property Policy that was tabled by the Ministry of Industry.
The Cabinet meeting has decided to send the draft bill of these two policies to the draft committee of the Cabinet, according to Industry Minister Nabindra Raj Joshi. Similarly, the meeting has also principally agreed to endorse the draft of the Foreign Investment and Technology Transfer Act (FITTA) as soon as possible.
“Approving the National Mineral Policy and National Intellectual Property Policy is a major step of the government to encourage investment in the country. The decision will convey a positive message to foreign investors participating in the Nepal Investment Summit on March 2-3,” Joshi said. Similarly, he said that principle agreement among council of ministers to introduce FITTA will also send a positive message to investors in the summit.
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