Private Sector Urges Government to Foster Investment-Friendly Environment

Kathmandu. The private sector has urged the government to create an investment-friendly environment. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI), and the Nepal Chamber of Commerce issued a joint press release today, requesting the government to ensure the security and promotion of the private sector.Noting the expectation for economic stability and increased investment following the formation of the new government, the three organizations emphasized that activities that discourage the private sector—which contributes significantly to the country's economic development and job creation—must be avoided.The statement points out that actions that demoralize investors...