Kathmandu: During the Jenji movement on Bhadra 24, both government structures and the private sector (industries and businesses) were attacked, burned, and looted. These destructive actions have weakened the investment environment in Nepal and lowered the morale of business owners. Recently, the government reached a 10-point agreement with Jenji, which includes a clause that no action will be taken against those involved in the movement. This has further lowered the confidence of the private sector. The events of Bhadra 24 and the political and administrative developments that followed have created serious doubts in Nepal’s private sector. Business owners are concerned about the physical damage to private property during the movement and the impact of the government’s recent actions on the fundamentals of the economy.
Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry, said that the 10-point agreement between the government and Jenji has raised serious concerns about whether those attacking the private sector will face punishment. Speaking at a program on Wednesday, Dhakal said that the recent agreement between the government and the Jenji group has created doubts in the private sector that those involved in vandalism, arson, and looting might not be held accountable. According to him, those who destroy property must be punished; otherwise, the confidence of the private sector cannot be restored. Until trust is built in the private sector, investment will not increase, and expectations for job creation and revenue growth cannot be met.