Newly elected president of Hotel Association Nepal (HAN) Shyam Sundar Lal Kakshapati has said that Nepalese Businessmen have not been able to invest despite having surplus funds due to lack of security. He expressed his sadness over the deterioration of investment climate in the country.
President Kakshapati was speaking at a program organized by the Federation of Nepali Journalists, Palpa branch at Tansen. He said that political parties interfere with investing in various sectors like industries and hotels. Political parties come and ask for recruiting their cadres just after investing, so the businessmen still didn’t have a good investment climate, he said.
He added only when businessmen can invest freely, the nation can take a new leap in development.