Former finance secretary Rameshore Khanal has said that unless foreign investors are encouraged, economic development of the country would be difficult to achieve.
Speaking at program organized by Baglung Jyacees on Friday, Khanal said that unwelcoming behaviors towards foreign investors create negative impression of the country in international arena.
“At present, we have to attract foreign investment by creating secure investment climate,” he said, indicating at the recent disturbances seen in the hydropower projects and industries.
He further said in the name of trade union, the practice of halting the operations of industries has begun. He stated that the influence of politics has spoilt the labor-industrialist relation.
Commenting on the budget of the fiscal year, he said the budget was distributive instead of being productive.
“The size of budget to get bigger is a positive thing, but focus on production is a must to have a positive impact on economy,” he said.
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