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  • Private sector propeller of economic development: PM Oli

    Thursday 3rd of March

    Kathmandu, March 3: Prime Minister KP Sharma Oli has said that the government was committed to work in collaboration with the private sector. Trade balance, export promotion and industrial development are major priority of the incumbent government, he added.


    Addressing the 13th annual general meeting of the Confederation of Nepalese Industries (CNI) here Thursday, PM Oli said that the country could be guided towards the path of economic prosperity through the development of agro, trade, energy, infrastructure and promotion of alternative energy and suggested the private sector to work with a focusing on it.


    PM Oli said, “The country’s current agenda is economic prosperity. And since the private sector is the propeller of economic development, the government will provide all required support to the private sector.”


    Clarifying that an investment-friendly environment has been created and the one-door system has been adopted to end all hindrance to promote foreign investment, the Prime Minister expressed the belief that the country could move ahead towards the path of economic prosperity through collaboration of all sides. The PM said that the government would fully guarantee the security of energy, among others prerequisites to encourage entrepreneurs for the establishment of new industries.


    Referring to the Madhes-based political parties' dissatisfaction towards some provisions in the new constitution, he said, “The issue of delineation of federal units should be settled gradually. The new constitution can be amended. But no one should obstruct the country’s development.”


    Similarly, Minister for Finance, Bishnu Prasad Poudel, said that a fund for the restoration of industries has been set up, and added that he has directed the Nepal Rastra Bank for its immediate implementation while Industry Minister Som Prasad Pandey stressed that the state and private sector should work together with a focus on the nation. 


    CNI President Narendra Kumar Basnyat requested the government to immediately approve the bill related to foreign investment and technology transfer, labour act, among others.  


    On the occasion, an agreement related to bilateral trade promotion was signed between CNI and Associated Chamber of Commerce and Industry of India. RSS

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