Kathmandu. President of the Confederation of Nepalese Industries (CNI), Birendra Raj Pandey, has said that the Geneji movement has reduced the morale of investors.

He said that the destruction of private and public infrastructure due to the agitation has reduced the morale of investors. Speaking at a discussion program organized by the Association of Economic Journalists of Nepal on Tuesday, Pandey said that the country has lost 5 percent of the gross domestic product (GDP).

“Industries are affected by 5 per cent of the total GDP, investment security is important for investors. The government needs to pay attention to what facilities can be provided through fiscal and monetary policy to rise up soon,” he said.

He also stressed the need to move ahead by making short-term and long-term strategies. He suggested that concessions should be given to big industries by fixing a fixed timeline. “The CNI has suggested reforms to various laws, and there is a need to make laws that are quick and understandable,” he said.

According to him, it is necessary to improve the education system as well. “There is investment in education, but the return is low. We should move forward after consulting what facilities can be provided,” he said.

He informed that the investment of the joint venture was coming some time ago and the Genji movement had stopped the investment. He said that it was necessary to identify some important priority areas and work in those areas. He also stressed the need to work in energy, tourism, education and agriculture sectors.