A voice from the private sector at NADA Auto Soma: A stable policy is needed

President of NADA Auto Mobiles Association of Nepal, Karan Chaudhary said that policy stability is needed to do business. Even though the monetary policy is very important, the automobile sector is not included in it. Automobile businessmen want to invest in charging stations,' he said, 'for this, the government should adopt a stable policy.' He complained that the government policy that changes every two years is a problem.

"The government should create an environment for automobile businessmen to stay and work in Nepal, the same policy should be made when taking loans for purchasing electric vehicles as well as other vehicles," he said. He said that since goods are coming illegally from the border, the government should be strict about it. "We need the government's trust," Choudhary said, "Given the opportunity, we will show it."

He suggested that the automobile business should be kept as a priority of the government. "There were 5,000 direct/indirect affiliates in NADA, this number will decrease to 3,000," he said . "Automobile businessmen always make a commitment to move forward with the slogan of a prosperous Nepal and a happy Nepali," he said.

According to NADA, there is an investment of more than 1 trillion rupees in the automobile sector. Direct employment is 1 lakh and indirect employment is more than 1.5 lakh. Chaudhary said that the auto business is turning into an industry. "Battery, lubricants, helmet, tire industry is in Nepal," he said, "now Hyundai Motor Corp has started assembly of four-wheelers, assembly of two-wheelers is going on." But the businessmen are in trouble due to unstable policies and changing governments.'

Nepal Chamber of Commerce and Industry President Chandra Dhakal said that investors will be excited to invest only if the government policy is stable. He said, "The way infrastructure should be prepared for electric vehicles has not been done," he said, "whether it is charging stations or road infrastructure, the government needs to think about it." "There is an old understanding of auto mobile as a luxury item among policy makers, in the eyes of regulatory bodies and policy makers, it should be not only a luxury item but a daily necessity item."

The president of Nepal Chamber of Commerce, Kamlesh Kumar Agarwal, said that the restrictive monetary and financial policy provisions in other sectors of the economy should be removed and an unrestricted business environment should be created. "Continuous tight monetary policy and financial policy has caused relaxation," he said, "due to tight policies, the auto mobile sector has reached a state of collapse."

It is natural for the private sector to expect stability from this government, said Rajesh Agarwal, president of Nepal Industry Confederation. "I urge you to pay attention to stable government, stable employees and political stability to reduce the impact on the economy in the past three years and to build a strong economy," he said. The loose monetary policy that came after the formation of the government seems to be moving in the direction of the stock market and auto sector.''

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel said that policy stability is linked to political stability. "If the political situation becomes unstable, you will not find political stability," he said. "It is reasonable that business will shift from trading to industry," he said.

If quality goods can be produced, the international market can also be secured, he says. "Monetary policy for all sectors may not have come as expected," he said. "If someone causes trouble, you can directly tell the minister," he said, "such tendency and character of causing trouble will be strictly controlled." Appreciating NADA's significant contribution to the revenue, he said that the government is working on building infrastructure.