New CNI leadership unveil 9-pt action plan

The new team at the helm of Confederation of Nepalese Industries (CNI) on Sunday unveiled a new action plan that, among others, aims to restore good industrial relation in the country.
The action plan has been unveiled at a time when domestic and foreign investors are hesitating to put their money here, citing worsening industrial relation.
“There will not be major departure from the long-term vision and mission of the organization. The new action plan, however, has incorporated some policies, including restoring good industrial relation to boost investors´ confidence,” said Narendra Basnyat, newly elected president of CNI, unveiling the nine-point action plan.
The action plan, however, is silent on the ways to improve labor relation in the industrial sector.
CNI has also said that it would lobby with concerned government agencies for industry friendly policies and programs. “We will lobbying for new special economic zone (SEZ) bill, industrial enterprises act and policy on foreign direct investment that would be compatible with the government economic policies to be adopted under upcoming federal structure,” added Basnyat.
Promoting export oriented projects by attracting more foreign investment into the country is also among the top priority set by the action plan.
"We need huge investment from foreign and domestic investors to achieve double digit growth," said Hari Bhakta Sharma, senior vice president of CNI.
CNI has also expressed commitment to promote social business so as to make efforts for reducing poverty. "As the responsible business people, we will never deviate from our social responsibility. So, promotion of social business is also one of our top priorities,” Basnyat added.
CNI´s new leadership has also urged the government and political parties to end existing political impasse at the earliest so as to create favorable economic environment in the country. The organization has also reiterated its demand for allowing Nepali businessmen to invest abroad.