Kathmandu, February 18

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) today urged the new government to put infrastructural development and industrialisation in high priority.

Bhawani Rana, president of FNCCI, informed that Nepal is lagging behind in infrastructural development and industrialisation — the two basics for economic development — and that the country can achieve economic prosperity only if the new government works effectively in these two areas of development.

“The state of infrastructure in the country is very poor. In is only with sound infrastructure that a country can develop,” said Rana.

Meanwhile, Rana also stressed on the need to promote tourism, energy and agriculture sectors to achieve sustainable economic growth in the coming days.

Citing that implementation of the Constitution and formation of a stable government has filled businesses and the entire private sector with new optimism, FNCCI also urged the government to declare 2018 to 2028 as ‘Country Development Decade’ and expressed commitment that the private sector will join hands with the new government in the entire development process.

Similarly, FNCCI also urged the government to immediately issue ‘White Paper’ of different national pride projects and ensure timely completion of such projects.

As the country has already started to adopt federalism, FNCCI said that every provincial government should come up with a roadmap to improve business climate and attract investments in each province.

“The government should also adopt special policies to attract large-scale investments from neighbouring China and India,” Rana added.