FNCCI chief suggests liberal economy for building 'new Nepal'

 

President of Federation of Nepalese Chamber of Commerce and Industry (FNCCI), Kush Kumar Joshi. (File Photo)

President of Federation of Nepalese Chamber of Commerce and Industry (FNCCI), Kush Kumar Joshi, has said that the upcoming Maoist-led government should adopt liberal economic policy.

In an interview with Nepalnews, Joshi admitted that the private sector was feeling some uneasiness following the victory of Maoists in the Constituent Assembly (CA) although the business community was largely confident that the would-be Maoist government would also give high priority to promotion of private sector.

He said that the FNCCI was working to prevent possible capital flight as it has become clear the Maoists are leading the future government.

Referring to Maoist chairman Prachanda's statement that Nepal has entered into the phase of economic revolution, Joshi said that political leadership must give top priority to economic transformation of the country.

Joshi lauded Prachanda's assurance that the Maoist led government would formulate economic policy as per the suggestion of the private sector.

He also stressed the need for making investment friendly environment. "The new government should review the existing labour law in order to make it more investment friendly," the FNCCI president said.

Joshi also said that the misunderstanding between the Maoist-affiliated trade union, All Nepal Trade Union Federation, and the business community was narrowing down which could be bridged soon through discussion. nepalnews.com ps Apr 15 08