Kathmandu: Prime Minister Pushpa Kamal Dahal has said that the government is committed to give an impetus to the country's economic transformation by keeping the morale of investors, including the industrialists and business community, high.
Inaugurating the Hyundai Motor Assembling Plant of Laxmi Motor Corporation in Nawalparasi on Friday, PM Dahal stated that the country would be taken ahead on the journey of prosperity through economic development.
He said the economy would be strengthened by taking the private sector into confidence, asserting that the government is committed to facilitate investment.
"The country's economy cannot be made robust without the investment of the private sector and the collaboration between the state and the private sector. The productivity cannot be increased and employment opportunities also cannot be created without this," PM Dahal said, adding that the government is always in support of creating a climate conducive to investment, promoting the private sector and security and facilitation in the investment areas.
Expressing the belief that the domestic and foreign investors would be attracted more towards the industry-friendly environment in Nepal with the operation of this new assembling plant, he said it would also help in import be substitution and creating jobs for hundreds of skilled and semi-skilled labourers along with the country’s industrialization.
The prime minister said that the establishment of the plant would facilitate consumers to buy vehicles at a relatively less price and it would contribute positively to the consumption of domestic resource and electricity. He added that the establishment of the vehicle assembling plant is a testimony of partnership in the local development and on the GDP.
"Our fiscal and monetary policies should be promotional, rather than restrictive. These policies and laws should contribute to the increase in production and employment generation," he said. -- RSS