Describe emerging business environment in Nepal?

Describe emerging business environment in Nepal?

Increase of private investment in core industries:Nepal's core industries such as electricity, communication, transportation etc. were conducted only by the government. But now the government has adopted open door policy in all the sectors including these sectors except those related to defense and very important basic needs. This has paved the way towards industrialization. As a result private investment in hydro power, communication and other sectors is increasing.

Development of private sectors:Economic reform program has shown symptoms in economic sectors mainly in the private sectors. Private sectors has gone ahead in sectors of hydro power, airlines, communication, road, water supply, food and drinking water, banking and financing companies, hotel, small and cottage industries, services industries etc.Appearance of multinational companies:Nepal has adopted the policy of open market and economic liberalization. It has forwarded special policy to attract foreign investment. So, the foreign investor have entered Nepal through multinational companies. Now hotels, banks, hydro power projects, nursing homes, finance companies etc are being run in joint venture with the members of WTO. Globalization has begun to influence Nepal's business environment.