Expedite Power Trade

With Nepal adopting free market economy since early 1990s, the private sector has played an important role in the economic development. The constitution has recognised the public, private and cooperatives as the key pillars of economy. Though the privatisation of public enterprises has been disastrous in Nepal, there has been a phenomenal growth of private sector, contributing to around 81.55 per cent of Gross Domestic Product (GDP). No doubt, the private businesses and companies are motivated by an urge to make profits. But, at the same time, it generates jobs, enhances efficiency in the delivery of goods and services, spurs technological innovations and industrial growth, and contributes to national development. The country has witnessed the rise of business houses and groups in diverse fields of economy, thanks to enactment of conducive Acts, regulations and directives aimed at encouraging the private sector.