Kathmandu: The new government led by Balen Shah has approved a “Private Sector Protection and Promotion Strategy” aimed at restoring business confidence and improving the investment climate. The strategy was announced under point 60 of the 100-point reform agenda endorsed during the Cabinet’s first meeting on Friday.
Following the announcement, Federation of Nepalese Chambers of Commerce and Industry President Chandra Prasad Dhakal welcomed the move and thanked the government, calling it a long-awaited and significant step for the private sector.
The government said the strategy is designed to ensure economic stability, strengthen the investment environment, and rebuild trust among businesses. It will be implemented immediately as part of the broader reform plan.
Under this strategy, the government has committed to ensuring the physical safety of entrepreneurs and full protection of their assets, while also supporting economic recovery and simplifying complex legal and regulatory procedures. It also includes targeted measures to promote investment and encourage youth entrepreneurship.
Dhakal described the inclusion of this long-demanded policy as a historic achievement for the private sector, expressing satisfaction that the government has finally addressed key concerns raised by the business community. He said the decision would boost business morale and help create a more conducive environment for operations.
He added that effective implementation of the strategy would significantly contribute to increased investment, job creation, and overall economic prosperity.
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