Build private sectors confidence
KATHMANDU:
In the current volatile political situation, political powers should agree on minimum economic agenda to build private sector’s confidence, according to the experts.
Unless the politicians decide on basic economic agendas and see them get implemented irrespective of who is in the power, the desired level of growth can not be attained, expressed economist Dr Chiranjibi Nepal in an interaction organised by Nepal Chamber of Commerce (NCC) here in the Valley.
Unfortunately, government is indifferent about the economic concerns Nepal expressed, pointing out the lack of government concern in the issue like vandalism on Upper Karnali hydro project and shut down of top revenue paying multi national company like Surya Nepal’s garment unit due to labour tussle.
“The economic policy changes along with the changes in government leadership making the economy vulnerable,” he lamented.
Senior economist and former bureaucrat Dr Bhola Chalise agreed Nepal, however, he pointed out that Nepali private sector is also not much different from the political parties as they also lack collective approach.
“There are factions within private sector organisations and among the various organisations representing Nepali private sector which has weakened their voice,” he said, adding that the ambiguity hovering over the shape of the economy in the future has marred the investment and given rise to capital flight.
On the occasion, president of NCC Suresh Kumar Basnet expressed that the economic agenda of the government has to be owed by all the political parties but it does not happen so despite all the parties want to see Nepal prosperous.
“The problems like investment security, right to property, smooth labour relation, energy crisis has to be addressed by the political parties collectively,” he said.
Similarly, president of Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Suraj Vaidya informed that FNCCI is working on an economic agenda that will be forwarded to the government along with other programmes that will be undertaken to attract the investments in water, and infrastructure development sectors.
“The private sector has to work in coordination with both bureaucracy and political parties to solve the existing economic woes of which energy crisis is the major one,” he added.
The need of boosting the confidence of private sector to venture into more projects was also emphasised by economist Prof Dr Madan Kumar Dahal. “The policy should focus on developing capacity of Nepal in the products with comparative advantage and take advantage of Nepal’s extensive trade relation with India,” he added.
Source: THT
In the current volatile political situation, political powers should agree on minimum economic agenda to build private sector’s confidence, according to the experts.
Unless the politicians decide on basic economic agendas and see them get implemented irrespective of who is in the power, the desired level of growth can not be attained, expressed economist Dr Chiranjibi Nepal in an interaction organised by Nepal Chamber of Commerce (NCC) here in the Valley.
Unfortunately, government is indifferent about the economic concerns Nepal expressed, pointing out the lack of government concern in the issue like vandalism on Upper Karnali hydro project and shut down of top revenue paying multi national company like Surya Nepal’s garment unit due to labour tussle.
“The economic policy changes along with the changes in government leadership making the economy vulnerable,” he lamented.
Senior economist and former bureaucrat Dr Bhola Chalise agreed Nepal, however, he pointed out that Nepali private sector is also not much different from the political parties as they also lack collective approach.
“There are factions within private sector organisations and among the various organisations representing Nepali private sector which has weakened their voice,” he said, adding that the ambiguity hovering over the shape of the economy in the future has marred the investment and given rise to capital flight.
On the occasion, president of NCC Suresh Kumar Basnet expressed that the economic agenda of the government has to be owed by all the political parties but it does not happen so despite all the parties want to see Nepal prosperous.
“The problems like investment security, right to property, smooth labour relation, energy crisis has to be addressed by the political parties collectively,” he said.
Similarly, president of Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Suraj Vaidya informed that FNCCI is working on an economic agenda that will be forwarded to the government along with other programmes that will be undertaken to attract the investments in water, and infrastructure development sectors.
“The private sector has to work in coordination with both bureaucracy and political parties to solve the existing economic woes of which energy crisis is the major one,” he added.
The need of boosting the confidence of private sector to venture into more projects was also emphasised by economist Prof Dr Madan Kumar Dahal. “The policy should focus on developing capacity of Nepal in the products with comparative advantage and take advantage of Nepal’s extensive trade relation with India,” he added.
Source: THT
