We are not against foreign capital, says Prachanda

Maoist chairman Prachanda has said that his party is not against foreign capital and foreign investment.

Addressing the programme organised by Federation of Nepalese Chamber of Commerce and Industry (FNCCI) on the occasion of its 41st AGM, Prachanda said, "There are concerted efforts to portray our party as being anti-foreign investment and anti-foreign capital. This is not true. We want to develop national capital and national industries. But we are not against foreign investment."

Prachanda accused that feudal and reactionary elements were trying to portray Maoists as being against nation's economy.

"We are not against foreign capital but we are against foreign hegemony," he said, adding that his party's refusal to receive commissions and its attempt to refuse to accept all kinds of conditions imposed by donors had ruffled the feathers of such elements.

He also said that his party does not stand against private property. "Some accuse us of trying to distribute poverty. But we want to distribute prosperity," he claimed. nepalnews.com sd Jun 04 07