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Saturday, July 11, 2009

Govt programs fail to impress private sector

Business community has accused the government of not addressing the private sector´s concerns in its policy and programs.

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Kush Kumar Joshi said the policy and programs neither made commitments for private sector´s growth nor did it give due importance to the private sector´s role in country´s advancement. “This has discouraged the business community,” said he.

Likewise, president of Nepal Chamber of Commerce Surendra Bir Malakar stated that the government did not pay heed to their demands for measures to end banda, strikes, kidnapping and extortion.

The business community mainly complained the government for not meeting its demand for implementation of multiple value added tax (VAT) rates. Businessmen even warned of a strike, if the government did not make time-bound commitment to introduce multiple VAT rates in the upcoming budget for the new fiscal.

They were speaking at the 34th annual general meeting of Kavre Chamber of Commerce and Industry (KCCI) that began on Saturday.

Among others, business leaders urged the government to designate a single ministry to look after information technology (IT) sector.

They blamed the present situation of multiple ministries looking after the sector and lack of coordination among them for hindering IT sector´s development. Joshi blamed lack of accountability on the part of the ministries for delay in the operation of the IT Park in Banepa.

“Multi-Technical College being built in Banepa with Chinese investment of Rs 700 million has also faced a similar fate due to the same problem,” Joshi said.

Joshi further stated that if the government designated a single ministry to look after the sector, FNCCI would eagerly work to bring in more investment in the sector. He even urged the government to hand over the IT Park and the college to the private sector for their effective operation.

“Both the park and the college can be operated under public-private partnership. It will help Kavre attain knowledge-based and tourism-led development,” Joshi stated. KCCI President Laxmi Lal Rajbhandari demanded the government to develop Banepa as a trade center in the east of Kathmandu. He also urged for immediate development of special economic zone (SEZ) in Panchkhal.

Source: Republica

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