Former Finance Minister States FDI Hinges on Private Sector Confidence

Kathmandu. Former Finance State Minister and Nepali Congress Joint General Secretary Uday Shumsher Rana has stated that Foreign Direct Investment (FDI) will not be attracted unless the private sector's confidence increases.

Speaking at a program in the capital, Rana said that the tendency to treat private sector representatives like heinous criminals sends a negative message to investors, and the government must improve its behavior towards the private sector to create an investment-friendly environment in the country. Pointing to the action taken against a leading bank's Chief Executive Officer (CEO) while he was trying to recover bad loans as per the central bank's instructions, Rana stated that while an inquiry or passport hold could have been done if there was a mistake, the state treated him like a heinous criminal.