Nepal Chamber of Commerce President Chandra Prasad Dhakal highlights private sector's crucial economic role

Kathmandu. President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has stated that the private sector's contribution to the country's economy cannot be overlooked. Speaking at an event organized on the occasion of the FNCCI's 60th Annual General Meeting, President Dhakal mentioned that the private sector, contributing over 81 percent to the Gross Domestic Product (GDP) and over 86 percent to job creation, is the real economic engine of the country. 

President Dhakal discussed the involvement of the private sector in everything from infrastructure development to service delivery, stating that the country's prosperity cannot even be imagined without the presence of the private sector. He mentioned that during his tenure, the FNCCI, in collaboration with the Nepal Chamber of Commerce and the Confederation of Nepalese Industries (CNI), has collectively advanced private sector agendas. He considers the efforts made to reform old laws such as the Black Market Act and the approval of the 'Private Sector Protection and Promotion Plan' (PSPP) to enhance the credibility of the private sector as major achievements. He believes that if the plan is effectively implemented, the private sector will be able to conduct economic activities more robustly. 

Speaking about the upcoming leadership selection of the FNCCI, President Dhakal informed that he made maximum efforts for a consensus-based leadership selection, but it was not possible. He expressed confidence that the new incoming leadership and team will complete the unfinished tasks of the private sector.