NCC Calls For Pro-Business Policies in Upcoming Nepal Budget FY 2082/83
29th April 2025, Kathmandu
The Nepal Chamber of Commerce (NCC) has called on the Nepali Congress to prioritize an investment-friendly environment and production-oriented policies in the upcoming national budget for FY 2082/83 (2025/26).
NCC Calls For Pro-Business Policies
The recommendations were presented during a program organized by the Industry and Commerce Department of the Nepali Congress, focusing on addressing key challenges and opportunities in Nepal’s industrial and commercial sectors.
Key Recommendations for Economic Growth
1. Ease Financial Burdens on Entrepreneurs
The NCC highlighted that declining entrepreneur morale stems from persistent policy hurdles. Acting President Deepak Kumar Malhotra stressed the need for policy facilitation to boost investment confidence.
Abolish Working Capital Credit Guidelines: Complex provisions hinder credit expansion despite sufficient funds in banks.
Simplify Loan Accessibility: The private sector struggles with financial risks, making new ventures difficult.
2. Revitalize the Real Estate Sector
To counter the slowdown in real estate, the NCC proposed:
Allow Foreign Nationals to Buy Apartments: Encouraging foreign investment in housing.
Simplify Income Source Regulations: Current rules complicate property purchases for individuals.
3. Boost Agriculture & Reduce Dependency
The NCC recommended:
Remove Land Ceiling Restrictions: Current laws block mechanization and modernization in farming.
Utilize Barren Lands: Create youth employment through agricultural projects.
4. Enhance Tourism & Infrastructure
Promote Nepal Globally: Embassies should organize annual tourism campaigns.
Optimize International Airports: Improve operations at new airports to attract more tourists.
5. Resolve Hydropower Sector Challenges
The NCC warned that court verdicts, Energy Bill provisions, and forest ministry directives are stalling hydropower projects. Key demands include:
Amend Restrictive Laws: Parliament should revise policies that risk millions in investments.
Expedite IPO Approvals: The Securities Board of Nepal (SEBON) must fast-track hydropower company IPOs to prevent financial bottlenecks.
Conclusion: A Call for Pro-Business Policies
The Nepal Chamber of Commerce’s recommendations aim to stimulate economic growth, attract investments, and create jobs. By implementing these measures, Nepal can foster a more business-friendly ecosystem and reduce import reliance.
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