Not that there is anything new in all this. In fact, it would be surprising if even half of what is planned was achieved. With privatisation, like everything else, there is no coherent strategy and there are no targets. Everything it seems is left to fate, and the delay costs the economy dearly as it gives transfusion uselessly to the badly hemorrhaging units. The privatisation process now resembles the state enterprises themselves-no accountability and no process of penalizing nonperformance.
Nobody is hauled up if no process is made.
Of the three enterprises that were put up for privatization in 1998 only one, the Nepal Tea Development Corporation, has been handled over to the new owner. But because of the way it was handled, people don't even trust the privatisation process itself. It is done at the whim and fancy of the politicos who happen to be in government at the time. 40 billion to prop up state enterprises. Of the 43 public enterprises, more than half of them has not recorded profits in the past five years.