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Frequent Change Of Government Not Conducive To Investment
By KTM Metro reporter
September 10, 2011: Speaking at the function held by the Morang Chamber of Commerce in Biratnagar, President of Federation of Nepal Chamber of Commerce and Industry (FNCCI) Suraj Vaidya has said that frequent changes of government has not been conducive to the investment-friendly environment; consequently, the entire economy of the country has been deteriorating, ‘The Rising Nepal’ of September 9, 2011 writes.
He has said that the country has no long-term economic policy due to the political instability; the government has not been able to do anything to mitigate the shortage of power even though the government has declared the energy crisis in the country. Large infrastructure projects have been in limbo adversely affecting the industries and businesses during the last few years.
He has urged the government and the political parties to build a consensus of the political parties on the national economic agenda for the stable economic development of the country. He also has said that his organization has put forward six basic points such as ‘one district one product’, stable government, long-term unified economic policy of all political parties, and good friendship with India and China for the stable economic development of the country.
Speaking at the inaugural function of the 15th general assembly and eighth convention of the Lekhnath Chamber of Commerce and Industry in Kaski on September 9, 2011, President of Federation of Nepal Chambers of Commerce and Industry (FNCCI) Suraj Vaidya has said that the industrial sector of the relief package announced by the government might not be possible to implement because of the not investment-friendly environment prevailing in the country, ‘The Himalayan Times’ writes quoting he state news agency called RSS.
