Business entities want favourable atmosphere

Lalitpur, July 30: The businesspersons representing various organizations have expressed mixed views on investment atmosphere and industrial development in the country.

During a programme organized by the Department of Financial Institution Coordination of Nepali Congress at its office, Sanepa, on Tuesday, FNCCI President Chandra Prasad Dhakal argued negative narratives were being spread via social network sites, discouraging investors. We need to correct such wrong narrative, he said, adding that Nepal's laws, budget and monetary policy are in favour of private sector, which, he argued, would help bring further investment.

Chairman of the Development Bankers' Association, Suyog Shrestha, complained that local government was not cooperating well for investment promotion. Creating favourable atmosphere is essential for it. Depending solely on remittance for national economy is wrong, Shrestha reminded.

Similarly, Chairman of the Commercial Bank and Financial Institutions' Confederation Nepal, Upendra Paudel, said tourism sector was in need of adequate infrastructures. The banks and financial institutions were providing loan to those willing to launch entrepreneurship and industries after returning from foreign jobs. Time has come to build their capacity now.

Former governor of Nepal Rastra Bank, Dr Chiranjivi Nepal, commented that government brought the budget, giving a positive message. It would give impetus to economic activities. The monetary policy was also not rigid, which helped reduce interest rate.

Former Executive Officer of Security Board of Nepal, Niraj Giri, also argued that favourable atmosphere was created for capital market. The SEBON Act requires amendment, he suggested. 

Chartered accountant Anal Raj Bhattarai viewed electricity, transport and financial sectors were contributing hugely to national economy. (RSS)