Nepal’s private sector has expressed strong support for the government’s 100-point good governance plan, calling it a positive step toward restoring investor confidence and improving the business environment.
In a press statement, the Independent Power Producers’ Association Nepal said the government’s plan to develop an energy export strategy within a month could attract greater private sector participation in energy trade and transmission line construction. The organization noted that the initiative may also help clear pending power purchase agreements and remove long-standing barriers, accelerating growth in the energy sector.
Similarly, the Confederation of Nepalese Industries praised the government’s commitment to good governance and anti-corruption measures. It welcomed plans to repeal outdated laws and introduce policy reforms, describing them as crucial steps toward creating a more efficient and transparent business environment.
The Nepal Chamber of Commerce also endorsed the reform agenda, stating that it would boost private sector confidence and foster an investment-friendly climate. According to the chamber, such measures could strengthen property rights and contribute to greater economic stability in the country.
Meanwhile, Chandra Prasad Dhakal, president of the Federation of Nepalese Chambers of Commerce and Industry, welcomed the government’s decision to endorse the Private Sector Protection and Promotion Strategy. He emphasized that effective implementation of the strategy would help drive investment, create jobs, and support overall economic prosperity.
Overall, business leaders view the government’s reform plan as a significant move toward improving governance, reducing barriers, and encouraging private sector-led growth in Nepal.
