Kathmandu, October 14

Prime Minister KP Sharma Oli has said that the government is serious in enhancing the business and industrial environment in the country.

At a meeting with office bearers of the Confederation of Nepalese Industries (CNI) today, Oli assured that the government will gradually address every business hurdle and logical concerns of the business community and urged the private sector to raise investments in infrastructure and industries.

“We have multi-dimensional prospects in economic and infrastructure development and the private sector should unleash these prospects,” said PM Oli, stating that the government is serious on further enhancing the business environment in the country.

Oli also said that the recent visit of Chinese President Xi Jinping would positively contribute to business and tourism promotion in Nepal.

On the occasion, CNI President Satish Kumar More said that agreements inked between Nepal and China during the recent visit of the Chinese president were remarkable to enhance bilateral trade relationship between the two countries. “However, the government should now give due priority in implementing these agreements,” he added.

As per More, the agreement to form a bilateral mechanism to enhance connectivity and trade between Nepal and China is expected to take Nepal-China trade and economic relations to a new level.

Meanwhile, More informed the prime minister that implementation of a number of new regulatory frameworks simultaneously in recent months have put pressure on the business community, thereby slowly deteriorating the business climate in the country. Along with this, the CNI delegation also said that the tendency to arrest business people even for a minor error/fault is discouraging the entire business community.

On the occasion, Hari Bhakta Sharma, immediate past president of CNI, said that the government should maintain stability in the bureaucracy and stop frequent transfers of bureaucrats.