CNI requests businessmen to keep their morale high

The Confederation of Nepalese Industry (CNI) has stated that the tragic incident of self-immolation/suicide by entrepreneurs-businessmen in recent days has created an atmosphere of anxiety and despair in Nepali society and businessmen.

The Confederation issued a statement on Sunday and paid emotional tributes to the entrepreneurs who passed away due to that incident, wishing for the peace of their souls. “In addition to this, we express our deepest condolences to the entire bereaved family and pray that they will be given the strength to bear this unbearable grief,” the statement said.

The confederation says that while some positive efforts have been started by both the government and the private sector to make the Nepalese economy dynamic, which has been lax for months, the (suicide/immolation) incidents that have occurred in recent days have shaken everyone concerned with the development of the economy and the improvement of the business environment.

“When the Nepalese economy has been going through a very challenging situation for some time now, the steps taken by the Government of Nepal such as the revision of working capital loan guidelines, exemption of imports, reduction of LC margin and interest rate on deposits have indicated that the economy will run,” the statement said.

“In addition to this, the increase in tourist traffic and remittances, the improvement in the exchange rate, etc. have given a positive message to the economyº. ºWe believe that the government will gradually take such positive steps forward and the steps taken and taken by the government in a few months will bring an increase in the liquidity position and the overall demand, and the economy will run”.

The Confederation understands that the government and non-governmental organizations are also aware of the sensitivity of the difficult situation. Mentioning that the private sector is a strong base of the economy, the confederation said that the private sector contributes more than 70 percent to the revenue. “When the economy slows down and industrialists are disappointed, not only the revenue but also the progress of the country is negatively affectedº.

It is everyone’s responsibility to keep the morale of industrialists and businessmen high and to keep the economy running’, the Confederation said, ‘this responsibility belongs not only to the private sector, but to all stakeholders including politicians, bureaucrats, financial institutions, and civil society.’

At a time when the economy is going through a difficult situation, the confederation has requested all the stakeholders to exercise restraint and help the industrialists and businessmen to rise above this situation.