Private sector lauds new ordinances, anticipates boost to investment, business climate

KATHMANDU: Private sector industry and business organisations, including the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), have stated that the recently issued ordinances would enhance the investment and business climate in the country, and they thanked the government for this.

In a meeting with Prime Minister Oli at his official residence in Baluwatar today, FNCCI President Chandra Prasad Dhakal, Confederation of Nepalese Industries (CNI) President Rajesh Kumar Agrawal, Nepal Chamber of Commerce (NCC) President Kamlesh Agrawal, and Federation of Nepalese Industries and Entrepreneurs (FENIE) President Bhagirath Sapkota expressed that the topics relating to investment and business were welcome.

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Home Minister Ramesh Lekhak, and other ministers were also present at the meeting.

The private sector representatives urged the government to bring appropriate regulations and work procedures at the earliest, as these ordinances would be effective in reviving the economy that had contracted in the post-Covid19 situation.

Stating that the provisions in the ordinances would infuse new energy into the private sector, they opined that if the investment-friendly environment is created in this manner, it will contribute towards fulfilling the national aspiration of 'Prosperous Nepal, Happy Nepali'.

On the recommendation of the government, the President issued four ordinances on January 13. An ordinance related to land management is expected to be issued soon.

On the occasion, Prime Minister Oli expressed happiness over the business community's positive reception of the government's goodwill and clarified that the parties in the ruling coalition were taking effective steps to formulate the policy of building the country together, despite rumours that the government was falling. The Prime Minister said that except for those who oppose the government for their own interests, the common people wanted development and good governance, as there is a collective desire to build the country. He said prosperity would be possible if practical and favourable policies related to good governance and development were implemented.

By RSS