CNI holds talks with Deuba on $100bn economic expansion plan

KATHMANDU: Confederation of Nepalese Industries (CNI) held discussions with former Prime Minister and Nepali Congress President Sher Bahadur Deuba.

During the meeting with CNI officials led by newly elected President Birendra Raj Pandey, former Prime Minister Deuba congratulated the newly elected executive committee members and wished them a successful tenure. On the occasion, Deuba said that the Nepali Congress, a proponent of the open market economy, has consistently emphasised the development of the private sector.

CNI President Pandey said that CNI has set a target of expanding the country’s economy to $100 billion and achieving double-digit economic growth within the next decade. He added that preliminary studies have identified eight key sectors on which to focus and that a comprehensive study is now under way. He stated that CNI will prepare clear recommendations on the level of investment required in each sector and on the necessary legal and policy reforms to achieve this goal.

The discussion was attended by CNI vice presidents Raj Bahadur Shah and Hem Raj Dhakal, Director General Ghanshyam Ojha, among others.