Privatization of Public Enterprises

Things to remember

• Privatization is the process of transferring the ownership and control from public to private sector. 
• Public enterprises came into existence with the aim of producing and distributing products and services of daily necessities at a reasonable price.
• The policy of privatization in Nepal was specified for the first time in the sixth plan (2037 - 42).
• The majority privatized enterprises have been facing a serious problem in investment, production, income generation, employment, security and management.