Industrialists, economists and former career ambassadors have emphatically said that the government must bring investor-friendly plans and policies to woo foreign direct investment (FDI) in the country.
They came up with this opinion while speaking at a seminar on Economic Diplomacy: Prospects and Problems organized by the Association of Former Career Ambassadors of Nepal (AFCAN).
Kush Kumar Joshi, president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), stated that Nepal has huge potential to attract FDI despite various obstacles like power shortage, labour dispute, frequent strikes and bandas.
Binod Kumar Chaudhary, lawmaker and president of the Confederation of Nepalese Industries, also echoed the same view.
“The prevailing business climate is amenable to FDI. And, what is most important is willingness of the government to bring proper plans and policies to assure the international community that Nepal is a viable market to invest in,” he added.
Damodar Gautam, former chief secretary and ambassador, termed political instability, corruption, insecurity, inadequate infrastructure, labour issues, strikes and bandas as some of the discouraging components for the FDI.
"The government needs to review and update all its laws and make them development and growth friendly," said Gautam. "Otherwise, Nepal will continue to lag behind in economic development and attracting FDI."
Hydropower, tourism, education, health, infrastructure development, limestone-based cement factories, commercial forestry and agro-based industries are some of the sectors where FDI can be attracted, said various speakers at the programme. nepalnews.com
Source:
No comments:
Post a Comment