Dhakal said that the private sector was targeted during the Gen-G movement, and that there was physical damage worth about 40 billion rupees and private sector losses worth about 81 billion rupees.
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Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry, has said that the private sector does not receive sufficient protection for prosperity.
President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Dhakal, has said that the private sector is not receiving adequate protection for prosperity. He said that the private sector is not able to invest with confidence and that an investment-friendly environment along with a guarantee of property security is essential for the expansion of enterprises and entrepreneurship.
He said, “I am concerned that impunity will flourish if action is not taken against those who do wrong.” Dhakal expressed this view at a large gathering titled Cooperation for Peace, Stability and Prosperity organized by the FNCCI in Kathmandu.
Dhakal questioned how employment will be created if the private sector shrinks, stating that the government can provide employment to only about 3,000 to 3,500 people annually. He said that the private sector is suffering from policy obstacles, procedural hassles and a negative perception of the private sector among the general public.
He said that a clear commitment from political parties is needed towards the private sector, which contributes 81 percent to the economy and 86 percent to employment. He said, ‘If we do not allow the private sector to work safely and with respect, we will not succeed. If we do not succeed, its impact will reach the next generation. The question is whether we will hand over a successful country to the next generation or not.’ He also said that economic activities carried out by the private sector were not a priority for the government.
Dhakal said that the private sector was targeted during the Gen-G movement, and that there was physical damage worth about 40 billion rupees and a loss to the private sector worth about 81 billion rupees. He said that even if the collapsed private sector structures are reconstructed, there is no guarantee that they will not be targeted again. ‘The confidence of Nepal’s private sector has reached its lowest point in history,’ Dhakal said.
