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Economic prosperity unachievable sans private sector collaboration: Industry minister

Smuggling of imported goods, slow capital expenditure and high interest rates result in low revenue collection: FNCCI

KATHMANDU, April 2: The private sector on Sunday urged the newly-appointed Finance Minister Prakash Sharan Mahat for government’s intervention to solve the ongoing problems of the liquidity shortage and excessive interest rates on bank loans.

Govt, FNCCI join hands to study the status of manufacturing industries in Nepal

Onlinekhabar March 1, 2021 Comments The Ministry of Industry’s Director-General Jeev Lal Bhusal and the FNCCI President Shekhar Golchha signed an agreement, in Kathmandu, on Monday, March 1, 2021. Kathmandu, March 1 The government and the private sector have partnered to conduct a qualitative and quantitative study on the status of manufacturing industries in Nepal. The Department of Industry under the government and the umbrella organisation of the private sector, the Federation of the Nepalese Chambers of Commerce and Industry, signed an agreement in this regard today. The department’s Director-General Jeev Lal Bhusal and the FNCCI President Shekhar Golchha signed the deal. As per the agreement, both the organisations will collect data about small, medium, and big-scale manufacturing enterprises. Then, jointly, they will try to address problems and challenges of the operation of such companies, explore opportunities in the sector, and promote industrial good governance.

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