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Wednesday, August 13, 2008

CNI defers economic summit

The Confederation of Nepalese Industries (CNI) has announced that it is deferring its economic summit because of political developments. The new dates are August 31 to September 2. The conference entitled "Double-Digit Growth: A National Commitment" was originally scheduled for August 14 to 17.

"Many Constituent Assembly members will not be able to take part in the summit on August 15 as the election for prime minister is being held on that day. This has made us postpone the three-day event," CNI president Binod Kumar Chaudhary told a press conference. "Among the 200 participants, 50 are CA members."

He said that the expected formation of a new government that should give further importance to the economic summit was another factor.

The aim of the event is to help create an economic roadmap to steer the country ahead as it prepares to write a new constitution and build a new Nepal. The summit also intends to establish a new commitment: To enable every Nepali to earn Rs 12,000 per month.

"If we are able to put the economy on center stage through this event, we will hold a partnership summit next year to lure foreign investment and explore a basis to foster and advance the economy," said Chaudhary.
Source: eKantipur

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