Wednesday, February 10, 2021

Next decade important for prosperity: CNI

Kathmandu, Feb. 5

Confederation of Nepalese Industry (CNI) has said that the next decade would be crucial from the prosperity perspective.

“Nepali industrial sector had faced adversaries like earthquake, border blockade, civil war and COVID-19 pandemic and become more resilient and strong. If the government creates a better policy environment for the private sector, the country would achieve prosperity within 10 years,” CNI’s President Satish Kumar More said in an interaction with the Nepalese Association of Financial Journalists (NAFIJ) on Friday.

These challenges had enhanced our capacity to function during the difficult times so government should tap the opportunity to incorporate the private sector in the prosperity drive, he added.

According to him, along with domestic capital, foreign investment is indispensable for the economic growth. More investment would create more jobs which would stop Nepali youth from going abroad in search of low standard jobs.

Vice president of CNI Rajesh Agrawal said that the government should change its tradition perspective on private sector. “Nepali entrepreneurs have the capacity to compete at the global level but the government has not considered this fact yet. In the last 10 years, we have sharpen ourselves with better skills and strategies. We want the government to devise policy that are timely and favour the capacity and expansion of the private businesses,” he said.

CNI has reiterated its readiness for continuous cooperation and collaboration with the government for policy reform and investment friendly environment.

Published in The Rising Nepal daily on 6 February 2021. 

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