Country’s economy will be strengthened by taking private sector into confidence: PM Dahal

KATHMANDU: Prime Minister Pushpa Kamal Dahal has said that the government is committed to give an impetus to the country’s economic transformation by keeping the morale of investors, including the industrialists and business community, high.

Inaugurating the Hyundai Motor Assembling Plant of Laxmi Motor Corporation in Nawalparasi today, PM Dahal stated that the country would be taken ahead on the journey of prosperity through economic development.

He said the economy would be strengthened by taking the private sector into confidence, asserting that the government is committed to facilitating the investment.

“The country’s economy cannot be made robust without the investment of the private sector and the collaboration between the state and the private sector. The productivity cannot be increased and employment opportunities also cannot be created without this,” PM Dahal said, adding that the government is always in support of creating a climate conducive to investment, promoting the private sector and security and facilitation in the investment areas.

Expressing the belief that the domestic and foreign investors would be attracted more towards the industry-friendly environment in Nepal with the operation of this new industry, he said import would be substituted and hundreds of skilled and semi-skilled laborers will get jobs along with industrialization.

The Prime Minister viewed that the consumers can buy vehicles at a fair price and a positive contribution would be there in consumption of domestic resource and electricity, a partnership in the local development and on the GDP as well when the motor assembling is done within the country itself.

“Our fiscal and monetary policies should be promotional, rather than restrictive. These policies and laws should contribute to the production and employment promotion,” he said. The PM further said the domestic and external indicators of the economy are in the positive due to the consistent efforts of the government.

“The Third Investment Summit has concluded recently. The government has amended important Acts, bringing an ordinance on the eve of the Summit. This will play a key role in addressing the problems seen in the investment sector and also in encouraging and promoting the internal and external investment,” he added.

The Prime Minister believed that the enthusiasm seen in the investment summit, the common viewpoint and commitment witnessed in the political parties of Nepal and the attraction of the investors have indicated towards Nepal soon becoming an attractive destination for investment.