Kathmandu, Dec. 22 -- Chancellor of the University of Nepal Bindu Nath Lohani on Sunday flagged six major bottlenecks hindering investment in Nepal, calling for a shift in the government's role from gatekeeper to partner.

Speaking as the keynote speaker at the 31st annual general meeting of the Nepal-India Chamber of Commerce and Industry (NICCI), Lohani said unclear transition, regulatory fragmentation, multiple agencies, overlap among local authorities, lack of accountability and weak contract enforcement were discouraging investors.

Addressing the session titled "Strengthening the ecosystem for scaling Indian investment in Nepal", the former Asian Development Bank vice president said investment decisions depended on predictable polic...