The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed serious concern over the damage to industries, businesses, and private property caused by ongoing nationwide protests and demonstrations.
In a statement issued Wednesday after a meeting with the executive committee and former presidents, the FNCCI paid tribute to those who lost their lives, expressed condolences to their families, and wished for the speedy recovery of the injured. The federation also expressed deep regret over the destruction of public and private assets.
The statement highlighted that during the recent protests, offices, establishments, and residences of many industrialists and businesspeople were vandalized and set on fire. FNCCI condemned such incidents and called on the government and relevant authorities to ensure they do not recur. Preliminary estimates suggest that losses amounting to billions of rupees could have a significant impact on national revenue and gross domestic product.
At the same time, FNCCI recognized and respected the concerns raised by the younger generation on issues such as good governance, anti-corruption, freedom of speech, dignified employment, and self-employment. The federation expressed hope that these issues would be addressed thoughtfully to support the country’s development journey.
The FNCCI emphasized the need to ensure a safe and conducive environment for private sector entrepreneurs and business operators. It urged the inclusion of federation representatives in security committees to facilitate the smooth supply of essential goods—such as medicine, food, milk, water, vegetables, and petroleum—during curfews or restrictions.
The federation also called on businesspeople nationwide to maintain regular supply of quality goods and asked the government to ease import-export procedures at customs points to prevent shortages in the market.
According to FNCCI, the private sector contributes 81% of Nepal’s GDP, 80% of revenue, and 86% of employment. The federation concluded that safeguarding the private sector and maintaining a favorable business environment is crucial to keeping the economy active and ensuring sustainable development.
Finally, FNCCI urged the government to create a favorable environment that promotes good governance, freedom, dignified employment, investment, and sustainable development, while calling on all stakeholders to work together to build a progressive society.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
