Speaker Sapkota urges business community to focus on enterprise promotion

Published On: April 10, 2022 05:14 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 10: Speaker Agni Prasad Sapkota has urged the business community to focus on the promotion of entrepreneurship with the feeling of national unity. In his address to a program organized on the occasion of the 71st anniversary of Nepal Chamber of Commerce, the Speaker underlined the need for promoting business activities, keeping the nation and people first.

Sustainable development and extension of new dimensions of the economy are possible if we act innovatively resisting economic barriers caused by climate change, according to him. Citing good governance and prevention of corruption as sensitive issues, the Speaker said, "Improvements in conduct are required on the part of office-bearers of all bodies concerned."

As the Speaker claimed, the country's enterprise and business was getting back on track after the COVID-19 crisis and on this backdrop, the business community is expected to do their work with patience. "A competent business person can rightly guide society," the Speaker said and called the attention of the business community to engage in entrepreneurship by abiding by the laws.

Chief Secretary Shanker Das Bairagi said the government was supporting the promotion and extension of the business sector. He pledged to leave no stone unturned to take efforts for addressing issues in the business and industrial sector.

Chamber President Rajendra Malla stated that the nation's economy was on the path of revival with the COVID-10 infection slowing down. "Pressure on multiple sectors could not be denied in the absence of effective implementation of the budget and the monetary policy."

Increasing import and weak export and lack of expected foreign assistance and investment have led to the crisis of foreign currency at home. The nation's trade deficit is beyond recovery, according to him. He pointed out the need for government action to find out proper solutions to the problem. "The Chamber is ever ready to submit practical suggestions for coping with the existing economic issues,” he said.



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