Maoists vow to create conducive investment environment

Maoists today assuring the entrepreneurs' team led by Surendra Bir Malakar, president of Nepal Chamber of Commerce (NCC), said that the fusion of domestic and foreign investment could help fast-paced economic development.
Maoists supremo Prachanda reassured the business fraternity that Maoists will create conducive atmosphere for national and foreign investments."
Conducive environment for promotion of domestic investment would be created as foreign investment could not be brought in without promoting the domestic investment," he said, during the meeting held at Maoists Central Office at Buddhanagar in the valley today."
Labour unrest will be a history and we will encourage healthy relationships between labour and the industrial sector," he tried to assure the business community, adding that the current problem of food and petroleum products' scarcity will be dealt efficiently. The entrepreneurs has asked him of Maoists' version on present petroleum supply situation and scarcity of other commodities.
As Maoists has emerged the largest party securing 120 in FPTP, it vowed to work together with the private sector and create a friendly environment for investment for the fast-paced economic development.
The NCC delegation also asked the Maoist leadership to make clear about their economic policy and public-private partnership. "The new government will formulate the economic policy based on the suggestions of industrialists, economists and traders," Prachanda tried to convince them.Load-shedding, security and capital flight are the major threats that are hitting the private sector hard currently. Promising to implement transitional economic policy at the moment protecting national industrial capitalism, the Maoists top brass urged the private sector to cooperate with them to bring economic development in the country.
"Donot be misguided by the our economic policy," he said assuring the private sector that it will include private sector while formulating all kinds of economic policies. During the meeting that lasted for two hours, Maoist's second-in-command Baburam Bhattarai and economic department chief Krishna Acharya were also present.