By Bhupendra Khanal
Efforts to form the first ever Maoist-led government in Nepal are going on. The new government will have many challenges going forward and they will have to work actively and aggressively. It is challenging but not impossible.
Here are my suggestions for the new Nepal Government.
1. Integration to Global Economy Free Trade Agreement with China, Japan and US to make the economy multi-lateral. This can be in-line with FTA with India. This should be accompanied with aggressive infrastructure building to get maximum benefit from these bilateral treaties and SAFTA.
2. Suitable Investment Climate Industrial Protection Act and Liberal Labor Regime to increase investor confidence. Indian Business houses in particular needs to be protected which are the most affected ones, as in todays world Indian Corporates are among the best governed and most aggressive ones. Entry of Companies like IBM, Accenture, GM, GE, Toyota, Infosys, Reliance, Bharti, ICICI etc can completely change the way companies function in Nepal. They will bring quality technology and huge volume of business, thus creating huge employment and great technological know-how. Continue reading