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LETTER TO THE EDITOR


 Kathmandu Saturday September 08, 2001 Bhadra 23,  2058.


Security Essential For The Growth Of Trade, Industry

After Nepal adopted a liberal economic policy there had been a huge increase in the foreign direct investment. The number of joint venture projects was on the rise in Nepal. Though there was a significant increase in such investments after the restoration of democracy, political instability and growing social insecurity led investors to pull out from the joint venture projects. The deteriorating law and order condition posed a threat to investors forcing them to divert their investment elsewhere which had a negative impact on the overall economic growth. The damage caused to some industries by extremist forces recently has drawn serious concern of the industrialists from different parts of the country. It is matter of serious concern. A secured environment is highly essential for the growth of trade and industry. It is hence imperative for the government to look into the issue and make the necessary arrangements to re-orient the entire system towards a constructive and productive process.

Sangita Lamichhane
Sinamangal, Kathmandu


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