KATHMANDU, March 24 -- The government has proposed various incentives, subsidies, facilities, and tax waivers for industries in the new bill to integrate and amend the existing Industrial Enterprises Act.

The government's move to substantially raise the incentives and other facilities for industries comes in the wake of growing complaints from the private sector about the lack of government's support for creating environment conducive for investment.

The new bill that was recently approved by the cabinet will enter into the legislation process after the government registers it in the parliament.

The government has offered 20 percent waiver on income tax of manufacturing industries. Similarly, the new bill proposes 90 percent income tax...