A high-level delegation of Confederation of Nepalese Industries (CNI) submitted a memorandum to prime minister Koirala demanding resolution of problems in the industrial sector.

At the meeting, Prime Minister Sushil Koirala told the team that the country would continue to uphold the principles of a free market economy.

Led by CNI president Narendra Kumar Basnyat, the high level delegation of the private sector handed over a memorandum to Prime Minister Koirala drawing his attention to issues plaguing the business sector. The meeting held at the Prime Minister’s residence discussed load-shedding, strikes, insecurity, labour problems, good governance and global recession that have been paralyzing the business and industrial sectors.

The delegation included members of the CNI and general members.

Receiving the memorandum, Prime Minister Koirala said, "The problems of instability that we are facing today are due to the delay in institutionalization of democracy in the country. But we do not intend to give any concession to those who want to further destabilize the situation and put the future of the nation and upcoming generation at stake. There is no question about reversing economic liberalization," said Prime Minister Koirala.

He further mentioned that the main responsibility of the new government was to draft a new constitution. “But equally important is maintaining peace and order so that investment and economic activities can be further expanded,” he added.

According to a press release issued by CNI, CNI president Basnyat urged the prime minister to take proactive measures in resolving the issues of economic development. “Economic and industrial growth is only possible if the government is able to build the private sector’s confidence by ensuring peace, stability and good governance,” Basnyat said.

"Prime Minister Koirala assured us that the government will take the issues raised by private sector seriously," said president Basnyat.