Minister Bhandari: “Nepal’s Capital Market Turning Green Is a Positive Sign”
Speaking at a Chamber of Commerce event, Industry Minister Damodar Bhandari expressed optimism over Nepal’s rising stock market, citing it as a hopeful sign of economic progress and private sector confidence.
Nepal's Bullish Stock Market Reflects Economic Optimism: Minister Bhandari
Nepal’s Minister for Industry, Commerce, and Supplies, Damodar Bhandari, has stated that the recent upward trend in Nepal’s capital market is a hopeful and positive signal for the nation’s economy. Speaking during a discussion organized by the Nepal Chamber of Commerce on Wednesday, the minister emphasized the growing optimism in the market.
“Nepal’s capital market turning green is a good sign. A market that had been slow and uncertain is now showing fresh hope and possibilities,” he said.
Private Sector and Policy Reform Driving Momentum
Minister Bhandari credited both the private sector’s contribution and recent policy reforms by the government for the improving investment climate. He highlighted recent successes in export performance, which have also contributed to growing market sentiment.
He pointed out that under previous legal frameworks, businesses were limited to just 20% profit margins, with anything above that deemed black market activity. “We repealed the Black Market Act,” he said, “to encourage fair profit and foster a more investment-friendly environment.”
Government Committed to Safeguarding Private Investment
The minister reiterated the government's commitment to protect private investment and promote sustainable economic growth. He also mentioned that Maximum Retail Price (MRP) labeling has been made mandatory to ensure product quality and curb market manipulation.