Economy will go vibrant in collaboration with private sector: PM Dahal

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said the economy could be made vibrant in collaboration with the private sector.

Addressing the 21st anniversary of the Confederation of Nepalese Industries (CNI) today, Prime Minister Dahal expressed the government’s commitment to boost the confidence of the private sector. ‘The government is serious for economic reforms,’ Dahal said, ‘I am clear that the country’s economy could be made dynamic in collaboration with private sector. The government has put positive interventions for economic reforms.’

He clarified that the government was responsibly acting to boost confidence of private sector, enabling investment-friendly environment and creating incentives for result-oriented works.

‘The government is preparing to focus its efforts on manufacturing and employment generation, as well and revitalize people’s optimism despite the pressure,’ he claimed, adding, ‘We will take ahead the monetary policy accordingly.’

He further said the problem of private sector is the problem of the economy. ‘The government will put all-out efforts to fix the problems, said PM Dahal. The economy lately has shown important signs of reforms, he said, expressing confidence that the current fiscal year would be optimistic year for the economy.

‘We are hosting the third international investment summit at the onset of the New Year. Over a dozen laws are under the process of amendment to draw foreign direct investment,’ the PM briefed, adding, “The year 2081 could be taken as a hopeful year.’

The export of goods such as electricity, zinc sheet and cement has also increased our hope to enable country’s economy, he said. ‘Tourist arrival has whopped and information technology sector has also rekindled our optimism,’ PM Dahal noted, adding such activities would believably contribute to the national income and capital formation.

Also on the occasion, Minister for Industry, Commerce and Supplies Damodar Bhandari said the government was ready to create environment conducive for business and industry.

The event was attended by the chairpersons and representatives of umbrella organizations of businesspersons and industrialists.