FNCCI Prez accentuates investment-friendly environment for economic growth

KATHMANDU, MARCH 4: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has emphasized the need for an investment-friendly environment to drive national progress. He assured that FNCCI would continue advocating for policy reforms to support this goal.

Speaking at a welcome and felicitation program for newly elected officials of various commodity associations under FNCCI on Monday, Dhakal underscored Nepal's vast investment potential. He stressed the importance of fostering a conducive environment to transform these opportunities into economic growth. “There is a tendency to view things negatively, but Nepal holds immense possibilities. If approached with a positive mindset, these opportunities can help generate employment within the country,” he stated.

Dhakal also highlighted FNCCI’s initiative to establish a limited company with a capital of NPR 10 billion to facilitate capital formation and infrastructure development, demonstrating that even small-scale investments can drive significant progress.

He further noted that FNCCI’s recent statute amendment has created greater opportunities for commodity associations to be represented in the federation.

Vice President for the Commodity Council, Hemraj Dhakal, reaffirmed FNCCI’s commitment to addressing sector-specific challenges faced by commodity associations. Similarly, Vice President for Industry, Sur Krishna Vaidya, emphasized FNCCI’s active role in revitalizing the economy and fostering employment opportunities.

Associate Vice President Jyotsna Shrestha highlighted the need for a dynamic economy to propel national development. She urged commodity associations to take a more proactive role in import substitution and export promotion.

On the occasion, FNCCI, with support from the International Labour Organization (ILO), launched an operational guideline and workplace-based training manual for commodity associations.

During the event, presidents of various commodity associations shared their concerns and discussed the necessary steps FNCCI should take to address them.