FNCCI initiates establishment of national investment company to boost economic growth

KATHMANDU: In a groundbreaking move, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has announced plans to establish a national investment company, garnering participation from business leaders across the country.

FNCCI President Chandra Prasad Dhakal unveiled this initiative during his address at the annual general meeting of the Birgunj Chamber of Commerce and Industry on Monday.

President Dhakal expressed the vision for the investment company, emphasizing that both common people and businessmen nationwide could contribute funds to the venture, which would, in turn, be allocated to various projects. The FNCCI aims to make this investment opportunity accessible to individuals and entities beyond its membership base.

The proposed authorized capital for the investment company stands at Rs. 10 billion, signifying the magnitude of economic endeavors it aspires to undertake. President Dhakal highlighted the inclusivity of the initiative, welcoming businessmen from all sectors and regions to participate.

In his commitment to enhancing the country’s economic landscape, President Dhakal noted that the FNCCI had been diligently working on economic reform. He stressed the importance of unity among political parties on national economic issues, expressing his intent to seek consensus during the upcoming annual general meeting of the Federation scheduled for next month.

While acknowledging the positive impact of the major economic debate held in October, President Dhakal recognized the need for continued efforts to accelerate economic growth. Referring to the collaborative efforts following the discussions, including an all-party meeting organized by Prime Minister Pushpa Kamal Dahal, he highlighted the improvement in the financial sector.

President Dhakal concluded by emphasizing the necessity of collective cooperation to maintain a vibrant market and urged all stakeholders to contribute to the acceleration of the nation’s economic progress.

The establishment of the national investment company marks a pivotal step towards fostering economic development through inclusive participation and strategic investment in key projects.

Fiscal Nepal |
Tuesday March 12, 2024, 11:17:25 AM |

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