Kathmandu, Sept. 11
The National Business Initiative (NBI) has strongly
condemned the vandalism and arson that occurred against important physical
structures and private sector properties during the protests.
In a statement published on Thursday, NBI
said such activities are certain to have a profound impact on the nation's
economy, and it could take a long time to return to a normal state.
Expressing condolences to the families of those
who lost their lives during the protests, wishing a speedy recovery for the
injured, it said, "We urge the relevant authorities to ensure fair
compensation for the loss of life and property in the private sector."
According to NBI, for decades, the private
sector has borne the brunt of protest movements, and this trend appears to be
discouraging to the private sector. If the private sector does not feel secure,
there will undoubtedly be a decline in productivity and employment, leading to
long-term negative consequences for the economy. "In such a situation, it
will be difficult to attract both domestic and foreign investment," said
NBI adding that the path forward must be based on a zero-tolerance approach to
corruption.
Published in The Rising Nepal daily on 12 September 2025.
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