KATHMANDU, Feb. 20 -- The government has expedited the process for a government to government (G2G) deal on setting up a security printing press without conducting any study of correspondence by the Investment Board-Nepal (IBN) regarding another proposal it received from a Swiss company.
KBA-NotaSys had proposed to the government through the IBN to operate a security printing press in Nepal under the Build, Own, Operate and Transfer (BOOT) model. The proposal would leave the government incurring no cost for setting up the printing facility, it is stated.
The government, however, had chosen to dismiss the Swiss proposal and reach a Memorandum of Understanding with a French company.
According to details received from IBN, the Swiss company...