Kathmandu, November 5
Minister for Infrastructure Development Sunil Lamsal has said the government has prepared drafts to amend 59 Acts to create an investment-friendly environment.
Addressing the Infrastructure Summit 2026 in Kathmandu on Thursday, he said the government plans to complete the necessary legal and policy reforms before the investment summit.
He made it clear that this investment summit will not focus only on inviting foreign investors, presenting a list of big projects and securing investment commitments.
According to him, the main aim of the summit is to inform investors about the government’s legal reforms to create an investment-friendly environment. These include investment protection, worker protection and market assurance. Minister Lamsal said the government is committed to creating an environment where investors can invest in Nepal with confidence.
“The main objective of the investment summit the government is going to organise is not only to show big projects to foreign investors and secure investment commitments. It is also to showcase the legal and policy reforms made to create an investment-friendly environment in Nepal,” he said. “The government has advanced various policy reforms to ensure good governance, devolution of powers and investment protection. The process of amending the necessary laws to ensure investors’ investment, workers’ rights and market assurance has been moved ahead. Drafts for amending 59 Acts are now ready.”
He said the government plans to make legal arrangements to protect investment in such a way that no one can halt a project the government has approved.
Along with these amendments, the government aims to prepare the necessary regulations, procedures, standards and guidelines before the investment summit. He said the drafts have been submitted to the Prime Minister’s Office. From there, the amendment process will move forward through the concerned ministries and the Ministry of Law.
“The aim is also to prepare the necessary regulations, procedures and guidelines before the investment summit. The government has already issued and implemented a guideline giving priority to Nepali products, local entrepreneurs and businesspeople in public procurement. In the coming days, a policy will be adopted to encourage domestic products in government and private sector construction as well,” Minister Lamsal said.
He said the government has already issued the guideline giving priority to Nepali products, entrepreneurs and industrialists in public procurement. The policy of not using foreign products in public procurement while Nepali products are available has reached the implementation stage, he said.
He said that once Parliament opens, the government plans to bring in a legal provision giving priority to Nepali products in physical structures built by both the government and the private sector.
