FNCCI Plans Investment Company to Drive Economic Growth

In a significant move aimed at fostering economic growth and channeling investments into meaningful projects, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has announced plans to establish an investment company. The initiative seeks to mobilize investments from industrialists, businesspeople, and the general public across Nepal.

FNCCI Chairperson Chandra Prasad Dhakal revealed this development during his address at the general convention of the Birgunj Chamber of Commerce and Industries on Monday. Dhakal outlined that the investment company would serve as a platform to pool resources and invest in various projects across the nation. The proposed fund is set to have an authorized capital of Rs 10 billion, indicating a substantial commitment to drive economic development.

Highlighting the inclusive nature of the initiative, Dhakal emphasized that industrialists and businesspeople not affiliated with FNCCI would also have the opportunity to invest in the fund. This move underscores FNCCI’s commitment to fostering collaboration and cooperation among stakeholders in the Nepali private sector.

Moreover, Dhakal addressed the broader economic landscape of Nepal, acknowledging challenges stemming from divergent political agendas. He stressed the need for consensus among political parties on economic matters to address these challenges effectively. FNCCI, as the apex body representing the private sector in Nepal, is actively seeking to engage with political parties to align on crucial economic agendas.

Looking ahead, Dhakal mentioned FNCCI’s forthcoming general convention scheduled for next month, where the organization aims to rally support from all political parties for key economic initiatives. This proactive approach reflects FNCCI’s determination to drive positive change and contribute to the overall economic prosperity of Nepal.