Chamber of Commerce President Expresses Confidence in Government's 100-Point Economic Reform Agenda

Kathmandu. The President of the Nepal Chamber of Commerce, Kamlesh Kumar Agrawal, has expressed confidence that the government's recently unveiled 100-point agenda for governance and economic reforms will steer the country's overall economy towards prosperity.

Stating that this agenda was prepared based on the report of the High-Level Commission for Economic Reform Suggestions, chaired by former Finance Secretary Rameshwar Khanal a short time ago, President Agrawal characterized it as a consensus document that will bring about a radical transformation in Nepal's overall economy.

According to President Agrawal, this program is primarily focused on five important pillars: structural reform, improvement in the business environment, reform in the public finance system, financial sector reform, and reform in public administration. 'This agenda seeks to address the global technological changes and the shifting patterns of production and consumption. In the past, many economic assumptions were unacceptable, but in the current context, they are becoming acceptable,' he said, 'It will facilitate conducting economic activities by embracing the changes brought by technology.'

It is his assessment that this agenda will pave the way for conducting economic activities by embracing the global technological revolution and the changing patterns of production and consumption. He noted that while some economic assumptions were narrow in the past, the flexibility and reformist thinking shown by the government in the current context have made the private sector 100% confident.

He particularly believes that the government's decision to register industries with investments up to 25 crore rupees as micro, cottage, and small industries, and to make the registration process hassle-free within 45 days, will play a significant role in attracting new entrepreneurs, youth, and women into business. He stated that ending the duplication and cumbersome process in industry registration will improve the investment climate.

President Agrawal praised the government's preparation to amend old and irrelevant laws that contradict the essence of a free-market economy to suit the current times.