Dhakal urges cooperation between private sector, govt to unlock potential

KATHMANDU: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has stated that if economic prosperity and progress are hindered by halting development and investment, both the current and future generations will remain trapped in a cycle of poverty and scarcity. 

Addressing the inaugural ceremony of ‘Second Gaindakot Mahotsav-2081,’ hosted by FNCCI Gandaki Province on the bank of Narayani River in Gaindakot Municipality-2, Nawalpur district, on Monday, Dhakal urged everyone to avoid actions that discourage investment and impede development.

Highlighting the country's significant potential for infrastructure development, particularly in religious and cultural tourism, he emphasised that large capital investments are necessary, and an environment conducive to investment must be created.

He stressed the importance of promoting the development of Gandaki Province and Gaindakot, and called for cooperation between the private sector and the government to unlock the potential of the province.

Referencing the recent establishment of Korala border transit in Nepal-China border, Dhakal mentioned that upgrading the road from Myagdi to Korala could enable the Kaligandaki corridor to play a pivotal role in Nepal's economic development and prosperity by connecting the world's two largest economies. 

He remarked that since assuming leadership of FNCCI, he has been actively seeking foreign investment by visiting various countries. He asserted that FNCCI continues to take initiatives to attract foreign investment. 

Discussing the establishment of Nepal Development Company, he stated that it aims to address the growing despondency in the country and invest in various potential projects. He expressed his belief that this initiative would help sustain the country's sluggish economy. "Nepal Development Company has been established under the leadership of FNCCI. If you have savings and are willing to invest in a potential project, you can do so through this company," Dhakal concluded.