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Kathmandu Sunday October 07, 2001 Ashwin 21, 2058.
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FNCCI
chief demands rescue package
Post Report
HETAUDA, Oct 6 - Rabi Bhakta Shrestha, President of
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has demanded with the
government to immediately bring an comprehensive rescue package to safeguard the domestic
industry from the ongoing domestic and global economic slowdown. "An comprehensive
rescue package is the need of present time to protect the entire industry from a complete
collapse," he stressed.
Addressing the inaugural session of the second annual general
meeting of Association of Industries of Hetauda Industrial Estate, he blamed the
deteriorating law and order situation of the country and ineffective industrial policy of
the government for the low pace of industrial development. "Such messy situation of
the domestic industries has been further complicated by the imposition of new Income Tax
Act, which is against the interest of the business community."
He also said that every consecutive governments formed after
the restoration of democracy have been concentrated only in the political issues
completely neglecting the problems of the business sector. He also flayed the government
for not taking seriously the current problems of the domestic industry. "Though there
should be cordial relationship between the government and the business community, the
government has been completely ignoring various recommendations of the Federation due to
which the Federation is loosing its patience". He also urged the industrialists to
upgrade both the quality and productivity to face the emerging challenges posed by the
globalization.
Addressing the function, Hitler Bishet, President of the
Association said that insecurity has been the prime cause for slackness of the industrial
activities. He also lambasted the government for not being able to provide necessary
security even after imposing security tax.
He also demanded that the land owned by the industries inside
the industrial estate should be transferred in the name of the concerned industry in the
concession rate.
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