End of the lengthening political
transition and successful second Constituent Assembly (CA) election yesterday
has infused some hope in the business fraternity.
The entrepreneurs, who have been in
wait and watch mood, since dissolution of the first CA on last May 28, took
active part – by casting their votes and also observing the election – in the second
CA poll that will end at least one uncertainty and help form an elected
government in around a couple of weeks.
As there seems light at the end of the
tunnel, the entrepreneurs are encouraged.
"The successful CA election has
given us a hope that the Constitution could also be drafted soon that would
take the country towards a prosperous future," said Confederation of
Nepalese Industries (CNI) president Narendra Basnyat.
"The political parties will move
ahead with a common minimum economic agenda until they draft the
Constitution," he said, adding that the successful CA election has paved a
way for a new political course. "Political stability, stable government
and Constitution are key to economic development ensuring economic prosperity
and industrial development."
He is also hopeful that the political
parties will fulfill their promises according to their election manifesto to
ensure business-friendly environment.
The incumbent interim election council
led by Chief Justice Khil Raj Regmi had been unable to bring – despite its
various attempts – many Acts that could have helped create business friendly
environment. But the CA election yesterday has ensured that the parliament will
be formed in a couple of weeks and the Acts will get through it not only paving
the way for new investments but also easing the current business environment.
"Entrepreneurs have been seeking
stability and predictable policy for long," said entrepreneur Rajendra
Khetan.
"Last few years has seen the
height of corruption, which has hindered the business growth especially by
politically appointed regulators," he said, adding that guarantee of
policy stability – due to election will see both local and foreign investment
increment. "But politicians must stop regulators for asking money openly
by creating administrative hassles to increase the level of confidence of
private sector."
The
private sector did not only take active part in excising their democratic right
by casting votes but also observed the election led by National Business
Initiative (NBI) in some 24 districts. "The peaceful CA election has also
reflected the people's wish for an end to political transition," said the
general secretary of NBI Surendra Bir Malakar.
No comments:
Post a Comment