KATHMANDU, March 30: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has provided Rs 5 million to the Coronavirus Infection Prevention, Control and Treatment Fund. The fund is set up by the government to mobilize financial resources in response to the COVID-19.

A delegation led by FNCCI president Bhawani Rana on Sunday provided the monetary assistance as well as foodstuff, medicines and medical goods worth around Rs 7 million to the fund. The umbrella organization of the Nepali business community has said it was also providing foodstuff and daily essential goods to be distributed to the daily wage-earners and laborers hit hard due to the lockdown.

The FNCCI team handed over the monetary assistance to the Deputy Prime Minister and Minister for Defense, Ishwor Pokharel, who is the coordinator of the High-level Committee on Prevention and Control of COVID-19 pandemic.

FNCCI senior vice-president Shekhar Golchha, vice-president Chandra Prasad Dhakal, former president Pashupati Murarka, among other officials were present on the occasion. RSS

Photo: Mukunda Kalikote

KATHMANDU, Feb 26: Chandra Prasad Dhakal, the vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has announced his candidacy for the position of senior vice-president.

Addressing a function organized at the Yak and Yeti Hotel in the capital on Wednesday, Dhakal announced that he would vie for the position of senior vice-president in the upcoming annual general meeting of the federation.

The FNCCI is holding its annual general meeting on April 10 and election for the new executive committee on April 11.

As per the FNCCI statute, the senior vice-president is automatically elevated to the post of the president.

Under the provision, the current vice-president, Shekhar Golchha will be the next president of the organization. He will succeed Bhawani Rana. 

“I declare my candidacy for the post of the Senior Vice President of the Federation from my own hometown among my relatives, well-wishers and seniors,” he said.

Dhakal pledged to work for raising the confidence of the business community and remain together with them at every ups and downs.

Stating that the government alone could not meet the development expectations and fulfill the aspirations of all, he said that he would work to make the private sector more strong and competent for lobbying with the government to create a conducive business environment.

“Last but not the least, I will lobby with the government for attaining rapid economic development with social justice and achieve the goal of prosperous Nepal and happy Nepali,” he said.

Dhakal is a first-generation serial entrepreneur of Nepal.

He and his brother Hem Raj Dhakal co-founded the IME conglomerate of businesses. He strongly believes in and adheres to the ethics of professional financial conduct and governance.

Additionally, he has set an exemplary model for the successful merger and acquisition of banks and financial institutions in Nepal.

Dhakal’s visionary leadership has contributed to evolving the IME Group from its humble beginnings into a fast-growing conglomerate.

Dhakal’s leadership in different chambers has contributed to creating a business-friendly environment in Nepal to expand domestic investment and attract foreign direct investment.

His public relations are far-reaching among the government and non-government sectors, diplomatic and the business community.

Dhakal has been serving as the Honorary Consul of the Republic of Indonesia in Nepal since 2010.

He is also the President of Nepal Indonesia Chamber of Commerce and Industry and Vice-President of The Nepal German Chamber of Commerce and Industry.

He is an invitee member of the Investment Board of Nepal, chaired by the country’s Prime Minister of Nepal.

KATHMANDU, April 19: Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has welcomed the government’s decision not to renew any transportation committees registered at the District Administration Offices.

The government on Wednesday decided not to renew 305 public transport committees which are enforcing monopoly in public transport in the name of social service.

However, the transport entrepreneurs have denied that they have imposed any syndicate in public transport while accusing the government of unnecessarily controlling the transport business by bringing the transport working procedures directing without consulting with them.

The transport entrepreneurs have also called step-wise strikes in protest against the government.

The government has renewed its pledge to end syndicate in public transport sector after the eleven committees of public vehicles operators obstructed Mayur Yatayat from plying the Araniko Highway earlier this month. The committees have demanded the Department of Transport Management scrap the route permit issued to Mayur Yatayat, which is running 24 new buses with additional facilities for passengers.

FNCCI, issuing a press statement on Thursday, backed the government decision arguing that any form of syndicate and cartels should be terminated as they are not relevant in Nepal, a country with open market policy.

The federation has also urged the transport associations and committees to withdraw its protest programs.

KATHMANDU, March 8: Prime Minister K P Sharma Oli has said that the government is paying attention to the agenda of economic prosperity and development with national determination.

Inaugurating the 7th International Trade Fair 2018 in Bhrikutimandap, Kathmandu on Thursday, Prime Minister Oli said, “Economic prosperity and development are the primary agenda of the country. So, the government has paid attention to it with national determination.”

The five-day Trade Fair is organized by the Federation of Nepali Chambers of Commerce and Industry (FNCCI) with the support of the government with an objective of promoting Nepali products and services in the global market, thereby boosting the national economy.

Some 300 stalls of agro products, electrical appliances and other industrial products of Nepal, India, China, Bangladesh and Pakistan are on display and sale in the expo.

“It is necessary that all Nepali people should move ahead towards the path of economic prosperity by utilizing every resource available in the country along with adoption of science and technology.”

He also laid emphasis on making the country economically strong and capable, expressing commitment to reduce trade deficit as well as to create environment conducive to attracting more foreign investment.

The Prime Minister clarified that economic prosperity and development are the major goals of the incumbent government as national economy could be uplifted through promotion of cottage and small industries, establishment of dairy industry and other local industries.

Saying poverty alleviation and taking the country towards industrialization are the determination of the incumbent government and the neighboring countries are ready to help Nepal for the same, he expressed the belief that such fair would be useful to disseminate the message that the Nepal has been established as an attractive destination giving fruitful result of investment.

The government’s plan is to fulfill commitments the country has made to achieve the United Nations Sustainable Development Goals like that of carrying out social and economic development activities, promoting human rights, ensuring good governance, building equitable society and adopting zero tolerance policy to corruption, he said.

“The incumbent government is liable for the country and its people. I as head of the government will work day and night to ensure prosperity and change the country in the next five years. For that, I need support and cooperation from private sector,” he said.

He said that the government would move ahead towards the journey of prosperity through public, private and cooperative sectors.

Creation of employment opportunities within the country, productivity increment and implementation of policies and programs are top priorities of the present government, he said.

On the occasion, he also said that the preparations for representing Nepal in the World Expo, 2020 to be held in Dubai should be done in a way that would heighten country’s identity and pride.

Minister for Industry, Commerce and Supplies Matrika Yadav said trade diversification, industrial development, increasing national income and uplifting the living standard of the people are the major priorities of the government. He also warned of taking stern action against those indulging in financial irregularities in the name of advance payment.

Finance Minister Dr Yubaraj Khatiwada said the government would soon introduce industry-friendly regulations that would have a long-term impact on the overall economy of the country. All should work together to bring down the increasing trade deficit in the country, he added.

Vice-president of FNCCI Shekhar Golcha and other speakers shed light on the special features and expected contribution of the trade fair. The fair was presided by FNCCI President Bhawani Rana.

KATHMANDU, July 25: Deputy Prime Minister and Minister for Foreign Affairs Krishna Bahadur Mahara has pledged to make the economic diplomacy more effective through the ‘bilateral consultation mechanism’ based in those countries that Nepal has established the diplomatic relations with.

During his meeting with a delegation from the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) at his office today, Minister Mahara said Nepal would establish ‘bilateral consultation mechanism’ in those countries here it had not yet setup such mechanism to promote economic diplomacy, the Ministry of Foreign Affairs said.

The government would deal with the economic issues with special priority, he told before the delegation headed by FNCCI President Bhawani Rana.

On the occasion, the FNCCI President suggested the government that it should send a diplomatic mission head to any country with certain terms of reference and pay a special heed to the export promotion while dealing with economic diplomacy.

The delegation also demanded the inclusion of FNCCI representatives during the State’s high-level foreign visits. RSS

Kathmandu: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has decided to organise a rally in capital tomorrow to protest against the transportation strike called by the CPN-Maoist-led 33-party alliance.

Organising a press conference at an open street in Kingsway, Kathmandu this afternoon, FNCCI has said that the rally will be held in capital tomorrow to protest against strikes and transportation strike called by the poll-opposing alliance

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The FNCCI appealed to one and all to gather at Khula Manch at 10:00 am on Wednesday to participate in the protest rally.