CNI president Basnyat handed over memorandum

A high level delegation of Confederation of Nepalese Industries (CNI) submitted a memorandum to prime minister Koirala demanding to resolve the problems in industrial sectors

March 13, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -17 Mar. 07- 2014 (Falgun 23, 2070)

Prime Minister Sushil Koirala has said that the country will continue to uphold the principles of a free market economy. Prime Minister Koirala made the comment during a meeting with a delegation of the Confederation of Nepalese Industries (CNI).

Led by CNI president Narendra Kumar Basnyat, the high level delegation of the private sector handed over a memorandum to Prime Minister Koirala of the issues plaguing the business sector. A meeting held at the Prime Minister’s Residence discussed the load shedding, strikes, insecurity, labour problems, good governance and the global recession that have been paralyzing the business and industrial sectors.

The delegation included members of the CNI and general members.

Receiving the memorandum, Prime Minister Koirala said,"the problems of instability that we are facing today are due to the delay in institutionalization of democracy in the country. But we do not intend to give any concession to those who want to further destabilize the situation and put the future of the nation and upcoming generation at stake. "There is no question to reverse from economic liberalization," said Prime Minister Koirala.

He further mentioned that the main responsibility of the new government was to draft a new constitution. “But equally important is maintaining peace and order so that investment and economic activities can be further expanded,” he added.

According to a press release issued by CNI, CNI president Basnyat urged the prime minister to take proactive measures in resolving issues related to economic development. “Economic and industrial growth is only possible if the government is able to build the private sector’s confidence by ensuring peace, stability and good governance,” Basnyat said, presenting a memorandum to the PM.

"Prime Minister Koirala assured us that the government will take the issues raised by private sector," said president Basnyat.

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