FNCCI Vice President Dhakal Stresses Economic Reform and Private Sector Protection

Kathmandu. Hemraj Dhakal, Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has stated that regardless of the political system in place, the government and the system cannot be sustained without economic development and the promotion of the private sector. Speaking at an interaction program in the capital, Vice President Dhakal noted that the hope generated among the public by the federal structure and the new constitution has not been reflected in the economic sector, and urged the new government to focus on economic reforms.

Vice President Dhakal emphasized the need to change the perspective toward the private sector and demanded action against those who attacked the private sector on Bhadra 24. He stated that the trend of blaming and attacking the private sector only serves to deteriorate the investment climate. Commenting on the state of physical infrastructure, Dhakal pointed out that while roads are being dug everywhere, the condition of major highways remains pathetic. He argued that the lack of large-scale, high-quality infrastructure (connectivity) has significantly increased transportation costs for industrialists and business owners.

Dhakal further stated that radical reforms in the education and health sectors are essential for the country's overall development. He stressed that quality education should not be centered only in Kathmandu but must be accessible equally across all seven provinces.