Finance Minister Janardan Sharma has underscored the need to boost government-private sector cooperation so that economic development could be realized.
"Significant portion of national economy is sustained by private sector. Government is only the facilitator. Seventy percent of entire economy hinges on private sectors," he reminded.
According to him, government was committed to creating industry-friendly environment. Minister Sharma expressed such views during a meeting with representatives of Nepal Chamber of Commerce. The Chamber officer bearers held talks to Finance Minister on Thursday in connection with the homework for upcoming budget.
On the occasion, Chamber Chair Rajendra Malla viewed the import should be well managed for the balance of payment. The import of industrial raw materials and daily consumable items should be managed in a way it would wipe out the shortage of things.
The Chamber officials complained that export was not promoted because there was no facilitation in export process. Malla viewed, "If a laboratory of international standard is set up at major customs, it helps to create the atmosphere favourable for import of quality goods," he argued.
According to Chairperson Malla, maximum import of petroleum products was the reason behind ballooning trade loss. He also suggested that the realty business must be brought under tax system.
The Chamber officials also suggested the Finance Minister to legalize marijuana.
Source: National News Agency Nepal