Private sector optimistic about new government policies but cautious on implementation

The government’s policy and program for the upcoming fiscal year, presented through Parliament, has generated a positive ripple in the private sector. Businesspeople have welcomed the prioritization of the private sector as a step towards revitalizing the sluggish economy. However, there is a prevailing “wait and see” attitude among entrepreneurs regarding the successful implementation of these policies.

Chiranjivi Subedi, President of the Chitwan Chamber of Commerce, and Madan Ghimire, President of the Chitwan Industry Association, share similar views. They believe that the policy and program are favorable and effective for industrialists. Initiatives like maintaining an electricity reserve and the introduction of a ‘one-stop system’ to reduce administrative hassles have attracted the business community.

Despite good policies in previous years, they often faltered due to bureaucratic complexities and a lack of clear action plans. This time, too, implementation is seen as the main challenge. According to analyses by the Chitwan Chamber of Commerce and the Regional Hotel Association Sauraha, the policy and program appear to aim at providing guardianship to the private sector.

The declaration of 2028 as ‘Visit Nepal Year’ has instilled long-term hope among tourism entrepreneurs. However, how the upcoming budget addresses these policies with adequate resources and concrete programs will be crucial in turning the private sector’s enthusiasm into tangible achievements.

Leaders in the agriculture and production sectors interpret this policy as a document encouraging increased investment. Vinod Pokharel, President of the Nepal Layers Poultry Association, notes that while the new government’s approach seems more people-friendly, it is essential to ensure full investment security and address remaining technical issues in the budget.

The consensus among Chitwan’s business community is clear—while the intent of the policy and program appears good, the outcome will depend on the government’s efficiency and budget allocation.