December 3: Prime Minister Sher Bahadur Deuba has urged domestic and foreign investors to invest confidently in the country as he assured that the government would take all possible efforts to create an environment conducive for investment.
"Your investments and properties in Nepal will be secured. I assure that the government will guarantee this," said Deuba during the silver jubilee celebration of the Society of Economic Journalists-Nepal (SEJON) on Thursday.
Stating that Nepal has prioritised its journey to prosperity by internalising achievements made from the adoption of the open market policy and analysing shortcomings in it, the PM pledged to speed up the country's economic revival that was dashed severely by the ongoing COVID-19 pandemic. "Now, it requires the launch of the second phase of mega economic reforms in the country."
Similarly, Finance Minister Janardan Sharma stressed the need for developing the state mechanism for infrastructure development and laws to make the public procurement act development-friendly.
"There are many challenges facing the country's economy. COVID-19 has severely affected the global economy. In this context, there is a need for us to increase capital expenditure and use new technology in development."
Industrialist and lawmaker Binod Chaudhary suggested that the government widen country's economic scopes while strengthening regulatory bodies of the state.
Likewise, President of the Confederation of Nepalese Industries Bishnu Agrawal underscored the need for a dialogue, coordination and cooperation between the government and private sector to promote industries and create employment opportunities in the country.
Also, President of the Nepal Chamber of Commerce Rajendra Malla suggested that the government resolve problems relating to middlepersons and a liquidity crisis facing the country. -- RSS