Addressing the Boao Forum for Asia Annual Conference 2015 at Boao of Hainan in China Saturday morning, President Dr Yadav stressed to create a more stable, secure and prosperous future for Asia by ending poverty, hunger and disparities.
"Our large and diverse continent has been unprecedented. We have the world's second and the third largest economies along with many other emerging economies. There was never a time in history when Asia has been so dynamic in its promises and progress. It is our sincere expectation that this history will be a history of peace, stability, democracy and collective prosperity," the President said.He, however, cautioned that this optimistic scenario should not overshadow the ground realities of Asia stating that not all countries have managed to ensure dignity of their citizens.
"Peace and stability cannot be achieved in the absence of collective economic security which requires sound cooperative frameworks to unleash growth and development. Peace and poverty cannot go together. Development of the continent as a whole has to, therefore, be a common goal and all countries must find space and resources to grow and prosper," President Dr Yadav observed.
On the occasion, the President said that promulgating a new constitution through the Constituent Assembly (CA) was the most important task for Nepal.
Dr Yadav further said, "Despite the difficulties we have encountered, I strongly believe that the people of Nepal are capable of finding amicable solutions. We call for greater understanding, solidarity and support from our friends and well-wishers in this endeavour."
Saying that lack of adequate infrastructure, low level of industrial base, inadequate capital, lack of technological know-how and shortage of skilled human resources and low level of productive capacity were the problems of Nepal's economy, the President stated such things have resulted in lack of qualitative change in the living standard of people despite the abundance of natural and human resources with enormous potentials of tourism, hydropower and agriculture development options.
"We need huge investments in economic infrastructure and productive sectors of economy as well as in institutions and people, especially the growing youth population," Dr Yadav shared.
The President appealed to the international business community for investment adding that Nepal offers a liberal and attractive regime for investment.
"Infrastructure, hydropower, agriculture, tourism and information technology are some of the sectors in which investment can be beneficial," he added.
Stating that partnership, cooperation and collaboration have no alternatives in achieving the desired goal of community of common destiny in today's interconnected and interdependent world, President Dr Yadav said that Nepal expects to work closely on the new regional initiatives such as Asian Infrastructure Development Bank and Silk Road Economic Belt for the benefit of all in the region. RSS
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