Himal Press 
All Photos: RSS
KATHMANDU: At a time when multiple arrests of businesspersons have shaken investor confidence, Rastriya Swatantra Party (RSP) President Rabi Lamichhane has urged investors and entrepreneurs to expand their businesses with confidence.
He also pledged to create an investment-friendly environment for the private sector and foreign investors.
Speaking at a discussion with representatives of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI), and the Nepal Chamber of Commerce (NCC), as well as various industrialists and businesspeople, in Kathmandu on Sunday, Lamichhane indicated that the government would remain firm on fiscal discipline. “We have arrested a few individuals who were trying to collapse the economy. Those involved in ethical business have no reason to fear,” he assured.
Lamichhane added that the government would move forward to strengthen the private sector through long-term policy stability and a transparent system. “The government is ready to create an enabling environment for investment,” he said. “There is concern that some activities may have gone beyond the legal framework due to past constraints. I request you to conduct internal audits first.”
He also signaled that the government would keep the private sector free from unnecessary political pressure. “It would be better if you do not have to come to my residence or party office, and you do not need to take party membership,” he clarified.
Also speaking on the occasion, FNCCI President Chandra Prasad Dhakal said that various agencies within the government mechanism have been causing unnecessary hurdles. “We suggest that the government end such practices,” Dhakal said.
He also drew the government’s attention to stalled development projects and to persistent delays in approving initial public offerings (IPOs) even after years of meeting requirements.
“The FNCCI is fully ready to work in collaboration with the government. We are ready to invest, but the government must guarantee a business-friendly environment and the security of entrepreneurs,” Dhakal said.
Similarly, CNI President Birendra Raj Pandey said the arrest of businesspersons one after another has deteriorated the business environment. “Although the private sector is ready to expand investment, it is facing problems due to cumbersome government procedures. The government must create a facilitative environment,” he added.
Similarly, Acting President of the Nepal Chamber of Commerce (NCC) Deepak Malhotra said there are high expectations from the current government with a clear majority. “The government must play a constructive role in development and economic reforms,” he said. “A $100 billion economy is achievable if the private sector is brought on board.”
Representatives of different commodity associations and leading business conglomerates were also present in the meeting.
RSP lawmakers Ganesh Parajuli and Bidushi Rana were also present on the occasion.
