FNCCI Welcomes Government Decision to Implement Private Sector Protection Strategy

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the government’s decision to immediately implement the Private Sector Protection and Promotion (PSPP) strategy, stating that the move has boosted confidence within the country’s private sector.

In a press statement issued on Monday, FNCCI President Chandra Prasad Dhakal expressed gratitude to the government for endorsing the strategy, which had been proposed by the federation. The Cabinet meeting held on March 27 approved the immediate execution of the PSPP strategy, addressing long-standing demands raised by the private sector.

The PSPP programme has also been incorporated into the government’s recently announced 100-point governance reform agenda unveiled on March 28. According to FNCCI, the strategy is aimed at ensuring the protection and promotion of both private and public businesses, particularly in light of past incidents where enterprises suffered damage during public movements.

The federation had been advocating for such a policy following attacks on businesses during various protests, including the Gen Z-led movement in September 2025. It had first formally raised the issue during an economic debate programme आयोजित on November 8, 2025, emphasizing the need for a structured protection mechanism in the evolving economic and social context.

Subsequently, FNCCI developed and submitted the PSPP concept to the government after a series of consultations focused on fostering peace, stability, and prosperity through public-private partnership.

Welcoming the government’s decision, President Dhakal stated that the move reaffirms the state’s commitment to safeguarding private sector businesses, investments, and entrepreneurs. “This decision will significantly enhance the morale of the private sector and contribute to promoting investment in the country,” he said.

The PSPP strategy is listed as the 60th point in the government’s 100-point administrative reform programme. FNCCI also noted that the government has agreed to implement recommendations put forward by the High-Level Economic Reform Recommendation Commission, formed to guide broader economic reforms.

In line with policy reform efforts, newly appointed Finance Minister Dr. Swarnim Wagle has initiated steps to repeal 15 outdated laws as part of regulatory restructuring.

The FNCCI had earlier called for the formation of such a high-level commission during its third executive committee meeting held in Dhorpatan, advocating for a roadmap for second-phase economic reforms. It has also been pushing for legal amendments, revisions, and the removal of obsolete laws under its “National Economic Transformation-2030” vision.

According to the federation, the PSPP strategy will serve as a key mechanism to implement the commission’s recommendations. FNCCI has pledged to work closely with the government in both the formulation and execution phases of the strategy.

Furthermore, FNCCI welcomed the government’s decision to establish an integrated institutional structure by consolidating agencies such as the Investment Board and the Department of Industry. It stated that such a move would streamline services and make foreign investment processes more efficient and investor-friendly.