Finance Minister Urges Private Sector to Focus on Honest Industry and Trade, Pledges Government Support

Kathmandu. Finance Minister Dr. Swarnim Wagley has urged the private sector to focus honestly on industry and trade. During a meeting with officials from the Confederation of Nepalese Industries (CNI) on Monday, he committed the government's full support for this endeavor. The Finance Minister stated that the government is fully serious about the development and security of private sector investment.

Finance Minister Dr. Wagley clarified that the current government was formed with great hope and trust from the people, and this crucial time will be utilized for the country's economic advancement. Highlighting that the political stability long sought by the private sector has now been achieved, he emphasized that the sole focus now must be economic prosperity.

"We are addressing the problems of the private sector in a different way through the budget," the Finance Minister said. "On the very first day of taking office, we sent a message about how liberal and supportive our party and government are towards the private sector by abolishing 15 old laws."

He clarified that while the government has adopted a policy to encourage a liberal economy, being liberal does not mean being lax, and the market will be appropriately regulated. Minister Wagley responded positively to the CNI's demand for the construction of model industrial parks. He urged the private sector to initiate efforts to create an investment-friendly environment by bringing in large multinational companies or investments. He stated that the government would provide all forms of policy and administrative support for such projects.

Stating the government's commitment to the security of domestic large-scale and multinational company investments, the Finance Minister called on entrepreneurs to work enthusiastically and create an environment for attracting foreign investment. "You be enthusiastic about investing, bring in foreign investment, the government is with you," he said.

During the meeting, CNI representatives informed the Finance Minister about the current economic situation and the challenges faced by the private sector.