Finance Minister Dr. Swarnim Wagle: Government Policy to Hand Over Problematic State-Owned Industries to Private Sector
Summary
Finance Minister Dr. Swarnim Wagle says the government plans to hand over closed and troubled state-owned industries to the private sector after completing due diligence and settling old liabilities. He said seven industries, including Gorakhkali Rubber Industry, Hetauda Cement and Udayapur Cement, have undergone formal review and may be leased for operation.
Key Points
- The government’s policy is to transfer closed and problematic state-owned industries to the private sector.
- Due diligence has been completed for seven industries, including Gorakhkali Rubber Industry, Hetauda Cement and Udayapur Cement.
- Wagle said old loans, interest and other liabilities must be settled before the handover.
- He argued the government is not trying to run industries itself, but create a fair competitive environment.
