Vice President of FNCCI Chandra Prasad Dhakal says, "Private sector investment could not expand unless the state takes the private sector as a business partner."

31st Dec, 2020 | Tourism Mail Crew

KATHMANDU, Dec 31: Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal has said that the private sector is a partner without any investment from the government.

Speaking at an interaction program on corona-era industry and commerce at the IME Literature Festival in Sarangkot, Pokhara, which started on Monday.

Giving examples of Malaysia's model of development in a short period of time, Dhakal said private sector investment could not expand unless the state took the private sector as a business partner.
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.
"If the state looks at the private sector from the old point of view, no matter how much investment potential there is, private sector investment cannot come. Traditional state rules, laws and approaches have discouraged entrepreneurs. Not all entrepreneurs should be put in the same basket,”he said.

Stating that the biggest impact of COVID-19 has been on the business sector, Dhakal said that the state needs to bring special programs to bring the economy affected by COVID-19 in rhythm.
He said that the relief brought by the government was insufficient and even the businessmen could not get the relief.
Stating that the current situation of Covid was not envisaged when it came to monetary policy and budget, he also stressed the need to review the budget and monetary policy to address the current problems.
Stating that in order to move the country forward on the path of economic development and prosperity, first of all, it is necessary to bring the business affected by Covid back to its old rhythm, adding that the state should pay special attention to this.

Stating that the epidemic of Covid-19 has also created opportunities for new businesses, he said it has also created opportunities for the digital economy. The ninth IME Literature Festival, which started on Monday, is coming to an end on Wednesday.