FNCCI takes initiative to resolve economic crisis

Kathmandu November 29–  Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has taken an initiative to resolve the country’s economic problems, following India’s unofficial blockade and ongoing protest in the Tarai.

Following the failure of government to yield any positive results out of various talks with agitating groups earlier, the FNCCI has started holding consultations, with various political parties, civil society and people from various walks of life, on existing constitutional concerns, challenges and solution to sort out the crisis, FNCCI representatives said.

They are hopeful of fruitful results from the initiates. The FNCCI said that it has joined hands to do something needful to give the country a way out of the impasse, resulting in a crisis of essentials, petroleum products and medicines across the country. They said that the crisis has crippled country’s economy with a loss of more than Rs 10 billion so far and the situation may be daunting in the days to come if the crisis persists.