Kathmandu, March 15

The Confederation of Nepalese Industries (CNI) has submitted a roadmap of economic prosperity that was developed by the Eminent Person's Council of CNI, to the finance minister and industry, commerce and supplies minister, today.

The roadmap for prosperity has covered seven areas that should be given due priority as the pillars for rapid, equitable, inclusive and sustainable economic growth.

CNI, in its vision paper, has said the government should give due priority to job creation and employment opportunities must be decentralised. For job opportunities, the labour force that enters the market should be equipped with knowledge and skills so they can be engaged in high-paying jobs.

“As the current government is expected to be stable, the stability needs to be reflected on the stability in government policies, laws, institutions and leadership,” states the CNI roadmap.

Governance, capacity enhancement and improving the image of institutions have been raised as the critical factor to move towards an enabling investment climate. Likewise, result-based management system has been underscored to enhance the competitive strength of the institutions. The government has been urged to develop a system that encourages competition, meritocracy, objectivity and output to strengthen the institutions.

Value addition in ICT industry could drive country towards faster and wider economic growth as chances to be competitive in manufacturing are slim. CNI has also urged for investment in research and development.