Senior Vice President Dhakal said there should be competition among the states to attract investment

11th Jan, 2022 | Tourism Mail Crew

KATHMANDU, Jan 11: Chandra Prasad Dhakal, Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said that there should be competition among the states to attract investment.

Addressing the 35th General Assembly and 46th Establishment Day of the Lamjung Chamber of Commerce and Industry on Monday, Dhakal said that there should be competition among the states to attract investment by formulating investment-friendly policy rules.

He said that despite the growing awareness that an investment-friendly environment should be created at the local level and in the state government, the stakeholders have not been included in the policy making process. Dhakal said that the policy and rules could not be practical and could not give results as no decision was taken keeping the stakeholders in mind.

"Any country's economic growth in a short period of time has been due to support for local investment and foreign investment," Dhakal said. He said that both the investments were made possible due to their own investment.

Stating that the protection of private investment by the state will increase the resources of the state, solve the problem of unemployment and make proper use of resources, he said that positive thinking is necessary in policy making.

Minister for Tourism, Industry, Commerce and Supplies of Gandaki Manibhadra Sharma said that the state could lead the country's tourism. He said that Gandaki is strong in tourism, agriculture, hydropower and other sectors. Recalling that the entrepreneurs could not be motivated due to lack of proper policy, Dhakal drew the attention of the Minister for Tourism.

He reminded us that local leaders have been urging us to do something in tourism while visiting every part of the country. Dhakal said that they were exploring the investment possibilities while visiting the programs of the District Municipal Chamber of Commerce and Industry and urged other members of the federation to invest in the program.

He said that he was investing in a 27 MW hydropower project in Lamjung in collaboration with non-resident Nepalese and was in the final stages of production. Reminding that they have also cooperated in the banking sector in Lamjung, he said that now they want to cooperate in the tourism sector as well.