Construction Entrepreneurs Federation Chairman Stresses Need for Legal Amendments to Strengthen Industry

Kathmandu. The Chairman of the Nepal Contractors' Association (FNC), Rabi Singh, has emphasized the necessity of amending relevant laws and institutionalizing the achievements made so far for the welfare of the construction industry. Speaking at an event organized on the eve of the Federation's upcoming general convention, he stated that policy reform is the main path to making the construction business respectable and robust.

Reviewing his tenure, Singh claimed that he has worked for the benefit of the industry in a way that has not diminished the pride of construction entrepreneurs since 2076 BS. He recalled that due to various past movements and struggles, they succeeded in getting the Public Procurement Regulations amended multiple times and reached significant agreements with the government.

He stated that the next leadership of the Federation must be even stronger to navigate the technical and policy complexities present in the construction business sector. He mentioned that effective coordination with the new government is the main requirement now to steer the construction industry in a positive direction and encourage entrepreneurs.

According to Chairman Singh, although the regulations have been amended several times in the past, the amendment of the Act required to fully organize the construction industry is still pending. Stating that sufficient attention could not be paid to the amendment of laws and regulations due to past coalition governments, he said the time has come to institutionalize those achievements and move towards amending the Act.

He expressed hope that the demands of construction entrepreneurs would be addressed due to the changed political situation in the country and the formation of the new government. He argued that it would now be easier to move forward with the long-stalled Act amendment work in coordination with the new government.