Kathmandu: Finance Minister Dr Swarnim Wagle has strongly committed that the government will take concrete measures to uplift the morale of the private sector and strengthen the overall investment climate in the country.
Speaking ahead of a high-level discussion with industrialists and business leaders on Tuesday, Minister Wagle declared an end to the bureaucratic tendency of dragging out problems, emphasizing that the administration is shifting firmly toward a solution-oriented approach.
During the interaction, the Finance Minister outlined three core pillars for economic revitalization: encouraging new investments, fostering new enterprises, and creating an enabling business environment. He stressed that significant improvements in these three areas would automatically propel economic growth, job creation, revenue collection, exports, and the broader economy onto a dynamic and positive trajectory. Consequently, he noted that all governmental efforts will remain sharply focused on achieving these practical outcomes.
Clarifying the state’s role in economic development, Minister Wagle asserted that the government’s primary duty is not to run businesses itself, but rather to act as an effective facilitator. He stated that the state must build a framework where industries can freely operate and expand. Pointing to ground realities, he questioned why production costs remain high and why factories are failing to run at full capacity, vowing to find answers in real-world actions rather than in paperwork or bureaucratic reports.
To provide immediate relief and address grievances raised by the business community, the Finance Minister announced the establishment of a dedicated ‘Response Desk’ within the Ministry of Finance. Every issue raised by entrepreneurs will be promptly coordinated with relevant state agencies to fast-track resolutions, he promised, adding that the government is fully committed to developing a work culture focused on solving problems rather than shelving them.
Minister Wagle also laid strong emphasis on transforming Nepal’s import-dependent economy into a robust, production-driven one. Urging the industrial community to take the lead, he called for a paradigm shift from consumption driven by imports toward domestic manufacturing that substitutes foreign goods and expands exports. He remarked that it is time for the government and the private sector to jointly reclaim the industrial opportunities Nepal has lost over the years.
Sending a reassuring message regarding wealth creation and security, the Finance Minister made it clear that the state views entrepreneurial success as national economic success. He reiterated that safeguarding the profits and assets of business owners remains a top priority for the government.
Furthermore, he assured the business community that the administration is fully prepared to amend necessary laws and eliminate structural bottlenecks related to land acquisition, electricity supply, labour, logistics, financing, and raw materials. Concluding his remarks, Minister Wagle urged the attendees to view the gathering not merely as a formal meeting, but as a collaborative workshop marking the dawn of a new phase in economic transformation.
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