The Ritual of Investment Attraction

Like other Britons who were born or served in India and were called 'Anglo-Indians' of his time, Kipling also seems to have a strong hypnosis towards Nepal. One of his famous poems says - 'The strangest dream, the reality of Kathmandu.' Of the promised 14 billion rupees capital investment, only 2 billion i.e. 14 percent was implemented. Maybe it is due to the effect of the covid-19 pandemic. However, the situation after the second conference held in 2019 is worse than the first. Commitment 15 trillion, implementation barely 1 trillion ie about 6.5 percent. Even now, the signs of the global economy are not very encouraging. Concerns such as the protracted Russia-Ukraine war, Israel's aggressive military campaign to destabilize Gaza, and Iran's symbolic retrenchment are roiling the world's most sensitive geopolitical region. It is necessary to be concerned about the impact on the supply and distribution of petroleum products. But even if it is to show that life goes on, rituals should be organized from time to time. The

episode is from the year 2017. Nepal was about to organize an infrastructure summit. Until then, Pushpa Kamal Dahal was the prime minister. Even though buffaloes had been worshiped to solve the crisis, the Maoist Dahal of Ekta had not revealed the ethnic nationalists' passion for formal dress or ascetic robes. He did not show any desire to wear Ramnami like the Vaishnavas. Perhaps he also had a premonition that the politics of Hindutva in neighboring India would not be shaken. The infrastructure summit was expected to be attended by Indian ministers along with top officials and budding businessmen associated with Hindutva power. Therefore, perhaps he also agreed that the summit would be named 'Purvadhaar Mahayagya' in the advertisement published in the newspaper. Yajna is performed for selfishness and altruism. The five major Yagnas (Vedadhyayana, Agnihotra, Tarpana, Atithi Satkara and Bhootabali) are Mahayagnas. Benevolence and benevolence are the purposes associated with Mahayagna. It is believed that Mahayagya is often fruitless and liberating for the seeker. It is not clear how far the intention of benevolence and benevolence has been fulfilled. Prime Minister Dahal has decided that the position of the executive head is indispensable for the practice of penance.

Prime Minister Dahal is seen to be very much blessed by the glory of great sacrifices and the blessings of Mahakaleshwar of Ujjain. With Western powers including Beijing patting his back, New Delhi leading the way and the US encouraging him from above, he is succeeding in controlling the country's two biggest political parties in turn. He seems to be convinced of the efficacy of the rituals. Even if the committed project is not implemented, it will not matter much to Prime Minister Dahal. The third investment conference to be held in Kathmandu on April 28 and 29 will also be a ritual prescribed by development. Completion of Nirvidhana is the measure of the success of the ritual. As far as bringing in investment is concerned, the possibility that investors with long-term commitment to help in job creation, technology transfer and capital formation will be attracted to Nepal is not very encouraging. Instead of focusing on creating an investment-friendly domestic environment, if it were possible to attract capital investment by performing great sacrifices and rituals, foreign investors of Indian origin would be flocking even though there is no one else in India who organizes 'G-20 Summit' and regular rituals. The reality on the ground is that Foreign Direct Investment (FDI) in India is also continuously declining. Whether domestic or foreign, the main objective of potential investors is to earn maximum profit with minimum investment and minimum risk. Nation-building components such as expansion of production capacity, employment creation or contribution to tax collection are not the main objective of any sensible investor, but are only by-products of entrepreneurship for profit. There is still no open and adequate public discussion in Nepal about such primary conditions for investment expansion, which may sound normal.

Social Psychology

BR Ambedkar, the chief drafter of the Indian Constitution, did not have to publish the book 'Annihilation of Caste' ie 'Destruction of Caste'. Besides being a constitutional scholar, Babasaheb Ambedkar was also an economist. He knew that Hinduism preferred tradition and discouraged innovation. At the top of the caste hierarchy are the Brahmins who despise wealth creation. In folklore, the greedy arm that protects wealth is depicted as a symbol of moral decadence. According to the variant, the 'Veer Bhogya Basundhara' mantra of the Kshatriyas allowed looting. The Vaishya who collects some of the money earned from employment or business, invests the collected capital and spends the profit earned from it for self-interest and altruism is placed in the third level. Those who consider skill and labor as religion and make human life rich through tireless work and constant refinement are considered as Shudras. In a society that does not respect entrepreneurship, creative investment areas cannot be identified.

In a country dominated by power, investors are forced to live in constant fear. Naturally, they are more attracted to the brokerage business where they can make immediate profits rather than live in constant insecurity by investing for the long term. Investment promotion has gone against the Brahminical culture. It is not possible to change culture without social movement. In China, Mao declared war against "old ideas, old culture, old customs and old habits" by calling it a "revolution that touches the soul of the people". In Nepal, there is a movement going on for the restoration of the supremacy of the four old customs - 'Hindu state, dynastic king, one language and one disguise'. Although

rituals shape the social mindset, public beliefs influence behavior. Recently, Nepal's ambassador to India, Shankar Prasad Sharma, has called on Indian businessmen to invest in Nepal at the 'Industry Outreach Meet' organized by 'PhDCCI, India-Nepal Center' in New Delhi in connection with the preparation of the third investment conference. Perhaps Ambassador Sharma has either not read the so-called 'Divine Sermon' of King Prithvi Narayan or if he has, he has not been able to memorize its lessons. Prithvi Narayan

He warns his courtiers in Gorkha language - "Don't let the nobles of the country come to God Prasah Desi Ubh, if the nobles of the country come to our country, they will leave the world poor". President Ramchandra Paudel also repeats the Gorkhali winner's words in a contemporary style and suggests - 'Focus on building a self-sufficient and self-sufficient economy by promoting entrepreneurship and developing national capital.' Except for those suspected of criminal origins, almost all countries in the world are unwilling to devote all their energies to eradicating the nationalism of capital. It seems that the thing that leads to foreign investment has not only disappeared from the Brahminical culture of Nepali but also absent from the nationalist genetics.

The distorted form of the European tree named communism, which was planted by Marx, raised by Lenin, fertilized by Stalin, and pruned by Mao, flourished in a strange way in Nepal. Communists in Nepal do not go to voluntary labor camps for social transformation. They perform Puranas, conduct Jatras and organize festivals. Instead of industry and trade, they open non-governmental organizations and solicit foreign donors. If for-profit enterprises such as schools and hospitals are made public limited companies, all transactions must be transparent, so such enterprises with communist owners are often private. The most destructive effect of the communist 'schooling' can be seen in the sense of privilege of the residents of the nearby industries.

A few years ago, in an intimate conversation, a senior manager of an international enterprise group lamented. According to him, it is difficult to carry on business without satisfying the army in Pakistan, police in Bangladesh, administrators in India and politicians in Sri Lanka. In Nepal, even if all such partners are satisfied, one or the other self-proclaimed advocate of public interest comes and starts arguing. The Business Ease Index assesses the formal conditions required for investor entry or expansion. Cultural and social values, norms and practices are to be borne by their managers. The service provider sector may be an exception, but it will be difficult for domestic or foreign investors who have invested in production sector enterprises that require complex supply chains, diverse workers and managers, human resources and extensive sales and distribution networks.

Benefit-loss account

Among the 32 landlocked developing countries listed by the United Nations, 17 including Nepal have been declared as least developed. Landlocked countries not only lose the cheapest waterways per ton for shipping goods, but are also deprived of the benefits that can be derived from the natural resources of the sea. Moreover, Nepal is one of the most vulnerable regions from the point of view of seismic risk. Land transport is also not a reliable means of transportation due to extremely high and low terrain, weak top layer of soil, rain cycle with heavy rainfall in few days and rapid mountain rivers. Due to the fear of floods, the risk of landslides and the weak surface of roads with low load carrying capacity, the supply of raw materials and the cost of distribution of products will increase relatively. One does not have to look far to see the parallels between natural economic development and landlocked conditions. Except for Kashmir and Sikkim, which receive the highest central subsidy per capita due to geopolitical reasons, all the prosperous provinces of India are bordered by the sea. Magadha, Mithila and Awadh were flourishing until the river Ganga was used for paddy vessels. With the advent of giant steamships, the economy of all the provinces of North India slowly dried up. The size of the market is undoubtedly larger in the Ganga plains, but investors prefer to set up ready-made factories in South and West India. It is difficult to show the comparative advantage of setting up a factory in Nepal than in Bihar. Despite the dream of creating a bridge between India and China by inventing a sovereign vocabulary, Nepal is actually an Indian-occupied country. Raising anti-Indian nationalism does not seem possible to attract significant investment in Nepal from others, including China.

A famous poet who is considered as a member of the royal family is called 'Poet Laureate' in Britain. In Nepal, almost the same kind of honor would be called "national poet" instead of "royal poet". A famous poem by the royal national poet Madhav Prasad Ghimire 'Tarai our gold piece, Himal Hirako/ Soil and water are the first wealth, son of the earth' must have popularized thegos like 'gold piece' and 'Dhartiputra'. Some call Karnali a piece of gold, while some have declared the entire Nepal as a piece of gold.

The reality on the ground is completely different. Due to the demographic pressure of destruction of forests, encroachment of Charkose bush and the loss of plains from the mountains, Terai-Madhesh is slowly moving from golden fields of paddy and wheat fields to slow desertification. The double whammy of climate change and air pollution is covering the diamond-like mountain peaks with black particles. Madhyapahar is becoming desolate due to population displacement. It is self-evident that there is little chance of finding traditional minerals in the Himalayas, Mahabharata and Chure mountain ranges, which are considered to be the newest in the world. The Ranas have been measuring by entrusting the strong arms of the mountains to Britain and taking the wood of Madhesh to India. The shahs carried out their work, undermining the country's sovereignty during the Cold War and exporting sculptures and artefacts to the international market. Dreams after 1990, dreams of selling water, but they are doing Nepal's youth in the most rich areas of the world. Nepal never had a "piece of gold, but it is still likely to give this pillar to provide financially sustainable.

political stability, governance (printementability) is uncontrollable uncontrollably. Nepal should be able to accept the fact that its limitations. Comprehensive lands, sufficient capital, efficient workers and innovative working workers and unaware entrepreneurs are not available in Nepal. Banking, insurance and auxiliary service level is not credible. Through the modernization, almost all countries, including the successful Japan and China, have adopted the role of outer investment, technology and management. If there is no condition of profit, the outer investment does not come. However, no matter how much Nepal's general government is found to be, any foreign investors cannot dare to take the risk of entering Nepal. Unfortunately, the economy of New Delhi's Hydwagon's economy has become highly introversy. This will be appropriate to focus on the construction of human capabilities by improving the food, general investment, education and health services that Nepal has improved for foreign investment. The golden deer is not just about the royal story but also in real life.