Private sector to create an investment-friendly environment in the country: Senior Vice President Dhakal


4th Jan, 2021 | Tourism Mail Crew


KATHMANDU, Jan 04: Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal has said that business environment cannot be created in the country unless the government sees the private sector as its business partner.
 
Addressing the general assembly of the Baglung Chamber of Commerce and Industry held at Baglung Bazaar today, Dhakal said that due to the same policy, Malaysia has developed a model in a short period of time.

Senior Vice President Dhakal, who is also the chairman of the IME Group, said that the state should change its traditional view of the private sector to create an investment-friendly environment in the country, facilitate the private sector for investment and build a prosperous Nepal.

He said that if the state looks at the private sector from the old point of view, no matter how many investment possibilities there are, private sector investment will not come. He said that the traditional rules, laws and approach of the state have discouraged the entrepreneurs rather than facilitating them.

He was of the view that all the entrepreneurs are only profiteers and the state should treat the entrepreneurs as they demand for investment or business-friendly environment or for their own business security.

He said that there is no business in the country at present due to capital. He said that even when an IPO of a small company is opened now, the number of applications is 10 times, up to 20 times more.
 
He said that investment in Nepal could not increase due to lack of capital and lack of environment and initiative. Therefore, the current leadership of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is of the view that the country will create an investment environment from small to corporate level and facilitate the flow of foreign investment.
 
He said that the problems of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) were the same in all the districts and towns of the country.
 
He said that the federation will work in a coordinated manner at the local level to solve the problems of small entrepreneurs at the district and municipal level as there are problems of home administration and revenue administration