Confederation of
Nepalese Industries (CNI) has promised to help create an investment-friendly
environment to attract investment in the country and to achieve double-digit
growth.
"We will continue
to promote investment, both foreign direct investment and domestic
investment," said the newly elected president of CNI Narendra Basnyat,
addressing a gathering here today.
The country has to set
an investment target of Rs 700 billion per year as against the Rs 250 billion
at present, he said, adding that CNI under his leadership will continue to help
the government in synchronising economic policy with the socio-political
changes of federalism. "Like earlier, we will promote and expand exports
and help improve the overall investment and economic climate," Basnyat
added.
With a focus on
employment generation, as well as conducive labour relations that is key in
improving investment climate, CNI, as it enters into the next phase of its
decade-long journey, will work with the government to provide consistent value
added inputs to help develop the national economy and promote
industrialisation, said Basnyat.
CNI will work towards
acting as a catalyst to build an environment which will stimulate industrial
growth and to also ensure that the benefits of industrial growth percolate to
all parts of the country, as well as to all tiers of the populace, the new
president of CNI said.
The new leadership will
encourage competitive industrial environment and continue to help the
government as a policy think tank, he said, adding that the private sector —
though an engine of growth — has been neglected and economic agendas have been
put in the back burner. "Due to prolonged political transition, the
economy has been suffering."
Thus the CNI
prescribes some of the key policy changes — like immediate approval of Special
Economic Zone (SEZ) Act, New Industrial Business Act, and Foreign Investment and
Technology Transfer Act — to create an investment-friendly environment, he
said. 
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