KATHMANDU: Amid growing concerns among business leaders, Chair of the Rastriya Swatantra Party, Rabi Lamichhane, has outlined 10 key messages to reassure the private sector.
The outreach comes at a time when businesses have expressed unease following arrests of entrepreneurs, including former president of the Federation of Nepalese Chambers of Commerce and Industry, Shekhar Golchha.
Lamichhane addressed private sector representatives during an interaction, emphasizing governance reforms and economic recovery, while attempting to ease fears over recent government actions under the leadership of Prime Minister Balen Shah.
He reiterated the government’s commitment to continued dialogue and collaboration with the private sector.
Key messages from Lamichhane:
- Assurance to businesses: Despite recent crackdowns on certain individuals, the private sector should not be fearful. The government does not intend to harass entrepreneurs.
- Roadmap for economic reform: The party claims to have a clear plan to strengthen the real economy.
- Focus on production-based economy: Emphasis on shifting from an import-driven model to a production-oriented economy.
- Action against monopolies: The government will act firmly against attempts by limited groups to control the economy.
- Positive outlook on tax reform: Indications that high income tax rates could be reduced.
- Recognition of private sector role: Acknowledgment of the private sector’s key contribution to employment generation.
- Stricter IPO policy: Loss-making companies will not be allowed to issue initial public offerings.
- Policy reforms and facilitation: Plans to simplify licensing processes and address issues such as maximum retail price (MRP) through the upcoming budget.
- Commitment to security and cooperation: Assurance of a safe and supportive environment for businesses.
- Collaborative governance: Emphasis on cooperation across sectors for good governance and economic growth.
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