PM Bhattarai says private sector is ‘best catalyst’ to bring about economic revolution

Prime Minister Dr Baburam Bhattarai

Prime Minister Dr Baburam Bhattarai has said that his government was focused in efforts and geared towards investment which is the need of the hour for the prosperity of the nation and for Asia as a whole.

Speaking at a programme organised by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and hosted in the Capital by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the prime minister said through public private partnership, the government will work together in achieving both the goals of enhanced economy and maximized returns respectively.

"We are indeed striving for an economic revolution and I believe that the private sector, with possession of its managerial, financial, and technical prowess, is the best catalyst to move this agenda forward," the PM was quoted as saying by the state-owned news agency RSS.

The prime minister said significant achievements have been made towards the completion of the peace process with the integration of the Maoist army into the Nepal Army.

The prime minister expressed the confidence that they will soon come to agreement on the remaining vital aspects of the constitution, through a democratically elected constituent assembly.

"It is now time that we graduate our focus, redefine our priorities, and put economic strategies and reform in the forefront. We are keen to work with you and invite you to explore opportunities in Nepal, invest in Nepal, and assure you that we are here to support and assist you in every way possible," said the PM.

Bhattarai said it was important to recognize that in every challenge, there lies an opportunity that is yet to be explored.

"An opportunity, that is yet to be unfolded. An opportunity, that is yet to be tackled. And this conference is a way of expressing our commitment to exploring those opportunities collectively as a region, and building linkages to actually transform those challenges into opportunities", he said.

He said the Investment Board was currently working hard to fast-track mega infrastructural projects, to fine tune policies, to identify projects, to facilitate and provide efficient investors services through a one-window mechanism.

The prime minister welcomed industrialists to explore opportunities to invest in Nepal, assuring them needed help from the government and re-orientation of policies to serve the best interest of the investors.

"My government will embrace policy change suggestions made by the private sector that are certain to have long term positive impact", he said. Nepalnews.com