Saturday, October 19, 2024

Positive mindset needed towards businessmen: Prachanda

Kathmandu, Oct. 18

Former Prime Minister and Chairman of CPN (Maoist Centre) Pushpa Kamal Dahal ‘Prachanda’ said on Friday that the mindset of taking the businesspeople and capitalists as 'brokers' and 'exploiters' should be changed.

Speaking at the Business Meet 2024 organised by the Hindu Economic Forum, Nepal, in the Capital, the former Prime Minister said that such a mindset particularly in the bureaucracy and political leadership was more fatal. "We don't have a good view about the businesspeople. Such mindset in the bureaucracy and political leadership will certainly slow the economic progress and development," he said.

Stating that the ultimate goal of politics is to make people happy, Prachanda said that politics becomes meaningful when it drives development and helps people and the country achieve prosperity.

He expressed worries over the country's failure to exploit natural resources for development and economic progress. "We have an immeasurable amount of natural resources in Nepal but the country has missed the opportunity to utilise them as the means for prosperity," he said, "Overpoliticisation of development has marred the process."

Chairman Prachanda also maintained that cooperation and collaboration with the neighbouring countries were also the need of the time for national development. "We need a pragmatic approach to deal with the development and for diplomacy rather than a dogmatic one," he said.

Speaking on the occasion, Swami Vigyananand, Founder President of the World Hindu Economic Forum (WHEF), said that despite having natural resources and cultural heritages as well as economic opportunities, Nepal has not been able to attract foreign investment including that from India.

"Indian investors have been taking more than US$ 35 billion in a year to Dubai where there is no conducive environment and cultural proximity," he said and asked, "Why is Nepal which is at proximity with India in terms of geography, culture and religion has not been successful to attract such investment?"

It's because Dubai has a better policy framework for businesspeople and investors, better facilitation and a pragmatic approach, Vigyananand said while suggesting Nepal create a better doing business environment to attract the investors of various background.

"Nepal has the Himalayas, home of Gods, which is a matter of respect and attraction for Indian people. If you offer a better environment and offer facilitation, more investment will come here," he suggested.

Vigyananand said that prosperity should be the main agenda of all economic philosophies, and maintained that the Hindu philosophy is the foundation of social and economic prosperity.

According to him, the governments should impose taxes in such a way that should help survive the business, increase the income of the state and add less burden to the consumers. He also said that the coming era would be the age of Eastern and Hindu philosophies.

The WHEF was launched to bring together financially successful elements within Hindu society such as traders, bankers, technocrats, investors, industrialists, business persons, and professionals, along with economists and thinkers, so that each group can share their business knowledge, experience, expertise and resources with their fellow brethren, said the organisation.

The first WHEF was organised in 2012 in Hong Kong and this year's Forum will be organised in December in Mumbai, India. 

 Published in The Rising Nepal daily on 19 October 2024. 

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