Kathmandu, Feb.1: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has made it crystal clear: upcoming political manifestos must prioritize the needs and aspirations of the private sector. In a recent statement, the leading apex body of the Nepalese private sector emphasized the crucial role of a business-friendly environment for national economic growth and job creation.
As the nation gears up for various policy discussions and potential electoral manifestos, the FNCCI has proactively urged political parties to integrate specific policies that foster private sector development. Their core argument revolves around the belief that a thriving private sector is the engine of sustainable development, driving investment, innovation, and prosperity.
Why the Call for Private Sector Focus?
- Economic Stability and Growth: FNCCI believes that clear, consistent, and supportive policies for businesses lead to increased investment, both domestic and foreign, which is vital for sustained economic growth.
- Job Creation: The private sector is the primary creator of employment opportunities. Policies that encourage business expansion directly translate into more jobs for the populace.
- Ease of Doing Business: Manifestos should outline concrete steps to reduce bureaucratic hurdles, simplify tax regimes, and improve regulatory frameworks, making it easier for businesses to operate and grow.
- Infrastructure Development: Robust physical and digital infrastructure is a backbone for businesses. FNCCI expects commitments towards improving transport, energy, and communication networks.
- Policy Predictability: Businesses thrive on certainty. The federation is seeking assurances of stable policies, minimizing frequent changes that can deter investment and long-term planning.
- Export Promotion and Industrialization: Specific strategies to boost exports, promote local industries, and integrate Nepal into regional and global value chains are high on their agenda.
The FNCCI reiterated its commitment to working collaboratively with political parties and the government to formulate and implement policies that align with national development goals. They stressed that a symbiotic relationship between political vision and private sector execution is essential for Nepal to unlock its full economic potential.
This strong call from the FNCCI signals a clear message to all political stakeholders: the private sector is ready to contribute significantly, provided the policy environment is conducive and supportive. It’s now up to the political parties to reflect these demands in their upcoming blueprints for the nation’s future.
Source: Original Article
