A new government was formed after the Jenji movement of September 23 and 24. In the elections held on March 4, the Rastriya Swatantra Party (Rastriya Swatantra Party (RSP) got nearly two-thirds majority. With the formation of a two-thirds majority, the government will also be formed by the RSP. After receiving this result, the attention of the private sector has also shifted its attention to the manifesto. The manifesto includes employment to 500,000 people, to increase the economy to $100 billion, to increase the per capita income of Nepalis to $ 3,000 within five to seven years, to amend about two dozen laws to ease the private sector, among others. To meet these goals, the support, cooperation and active role of industrialists and businessmen is necessary. The elections held after the Jenji movement have given a mandate to elect a strong government for the next five years.

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed a new working committee under the leadership of senior vice-president Anjan Shrestha for the next three years.TAG_OPEN_em_150 The time has come for a new government to be formed in the country and a new leadership in the federation has come at the same time. In this context, Sovit Thapaliya talked to Senior Vice President Shrestha for InvestmentNews:

You are becoming the president of the federation. The government is about two-thirds majority. How do you feel personally?

The government formed after the Jenji agitation on September 23 and 24 held elections. That election gave a two-thirds majority to one party. It is our expectation that there will be peace, security, good governance and stability after the formation of a single party government. The new party has come up with a plan of change, generation, transformation and handover. There is a possibility of getting a two-thirds majority government in a few days. We wish that the new government would create an environment to fulfill the aspirations of the people.

There are signs of youth representation in the parliament and government to be formed

. There is a new attitude, energy and a new perspective. We are confident that the promises and commitments made during the election will be fulfilled.

{{TAG_OPEN_strong_148}TAG_CLOSE_strong_148}Private Private{{}} Area{ Prioritized Private . Private Region Some ?

Financial Economic Reforms R Financial Sector Correction Central {{TAG_OPEN_strong_ 126}}Agenda Created G . Private in the field{} Trust } ?

TAG_OPEN_p_176 In the past, a two-thirds majority government was formed. But it did not give priority to the economic aspect. Looking at the history of seven decades, governments became more entangled in political and social issues, and did not give enough importance to the economic aspect.

This time, the political parties have very clearly put forth the issues of financial reforms, economic stability, role of the private sector, investment climate and industry-friendly policies in their affidavits.TAG_OPEN_p_175

The government seems to have made a commitment to work keeping the economic aspect in the forefront. So we can believe that there will be improvement this time.

New Government Private Sector{ Strategic Requirement K G{{TAG_OPEN_strong_ 108}} ?

If there is a situation to form a majority government, the first expectation is ‘stability’. In the past, there was no policy stability due to frequent changes in government. The possibility of a stable government for five years will lead to policy clarity and long-term planning.

TAG_OPEN_p_171 Even today, many laws and regulations of 40-50 years ago are still intact. But now there has been a big change in the global financial system. Accordingly, reform is necessary.

The

policy should not be based on short-term thinking. The tendency to change the rules should end with the change of ministers. Policies and regulations should be stable for at least five years. This boosts the confidence of businessmen and investors.

Law Two Dozen Law Amendment } } Production {{TAG_OPEN_strong_ 99}}Cost Subtract G }. effect parn } ?

This is an issue that the private sector has been raising for so many years. We need laws that are in line with the global context. If the law is clear, long-term and enforceable, the private sector will move forward with more confidence.

Entrepreneurship, Innovation } Startup{ Developing Government K Should ?

Policy clarity is needed to bring young people into entrepreneurship. There is a startup policy, but there is still a need for clear guidance. The interest rate of the scheme was increased to 3 percent next year. It is not startup-friendly to change the interest rate from year to year.

Loans up to 25 lakhs will be given to startups for 5 years. But it takes at least two years for the industry to be organized. The compulsion of the business to pay the installment immediately puts pressure on the business. Therefore, 5 years should be increased to 10 years. Collective loans should be provided to the youth. Loans up to Rs 1 crore should be given without collateral.

Incubation centers should be established in all seven provinces. Even if it is in some organizations, it is not enough. Startups are like the fruit of a plant, conservation and fertilization are essential. Policy clarity, structural support and incentives are needed. It is expected that the next government will give priority to this. The federation will continue to lobby for this.

Declaration{ Economy 100 Arb Dollar, per person Income 3 thousand dollar Target {{TAG_OPEN_strong_ 63}}। } ?

The federation has always been advising the government. Being a representative organization of the private sector, it has been playing the role of business rights and financial advisor.

If the goal is to grow the economy to $100 billion, maintain a steady growth rate of 7 percent, and reach a per capita income of $3,000, the role of the private sector must be very clear.TAG_OPEN_p_161

The private sector accounts for 80 percent of Nepal’TAG_OPEN_p_160 s economy. Therefore, we need an investment-friendly environment, a clear tax system, long-term policies, sectoral priorities and direction to boost business confidence.

The private sector can expand its role only when it is clear that the state’s policy is to give priority to certain areas. The federation is ready to provide both suggestions and cooperation for this.

Interest Rate Single} Income Income Money Investment Environment New {{TAG_OPEN_strong_ 49}}Reason K ?

Investment was ‘overleveraged’ due to the loose policy after Corona. Then it was tightened and the problem began. Interest rates went up.

Employment migration has increased, population growth is low, consumption has decreased, demand is slow.TAG_OPEN_p_156 Industries are slowing down. All this has weakened the investment climate. The Genji movement had a negative impact on the morale of businessmen. Businessmen were attacked, houses were burnt down, and investors’ sentiments were hurt. Its impact is still there today.

But if the new government prioritizes stability, policy clarity and cooperation, the problem will gradually be resolved.TAG_OPEN_p_155

of the federation{ President Tenure ?

The country is going through a phase of change. A new majority government, the energy of the youth, and the new thinking — these are the points of opportunity for the private sector. I have taken it positively. The FNCCI will make the role of the government’s economic advisor more effective. A three-tier proposal will be prepared and submitted to the government to make the laws and regulations business-friendly.

Research, innovation, coordination with local governments and resource mobilization will be the main priorities of the federation.TAG_OPEN_p_152