Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged political parties to make economic development the central and shared agenda in the upcoming national elections, stressing that strengthening the economy is Nepal’s most urgent priority.
Speaking at the inauguration of the Waling Festival in Syangja on Thursday, Dhakal called on all political forces to place economic growth at the forefront of their election manifestos and policy commitments.
“National economic development is the country’s primary need at present. As the nation prepares for parliamentary elections, economic development should become a shared agenda of all political parties,” Dhakal said.
He emphasized that the private sector expects political manifestos to clearly incorporate policies that promote industrial expansion, investment growth, and job creation within Nepal.
Dhakal noted that political parties are currently drafting their election manifestos, making it a crucial moment to integrate the private sector’s long-standing reform proposals aimed at accelerating economic progress.
He highlighted that the private sector has consistently advocated industrialization, domestic employment generation, and structural economic reforms as pathways to sustainable development.
The FNCCI president reiterated that the private sector has, for years, maintained that the economy must remain above political divisions, regardless of which party forms the government.
He recalled that the FNCCI has organized multi-party dialogues to foster consensus on economic priorities and has formally proposed the formation of a High-Level Economic Reform Recommendation Commission.
According to Dhakal, some recommendations from that commission have already entered the implementation phase, indicating gradual progress in policy reform.
He also reflected on institutional reforms undertaken during his leadership at FNCCI, including efforts to modernize the federation’s statute and advocate amendments to outdated laws that hinder the investment climate in Nepal.
Such reforms, he said, are necessary to create a business-friendly environment, attract both domestic and foreign investment, and enhance private sector confidence.
Dhakal’s remarks come at a time when Nepal’s economy faces challenges related to slow credit growth, industrial underutilization, and employment pressures, making economic policy direction a key issue for voters, investors, and the business community.
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