Former Chamber of Commerce Chief Calls for Private Sector Unity Amidst Economic Challenges

Kathmandu. Former President of the Nepal Chamber of Commerce, Rajendra Mall, has emphasized the need for business unity and cooperation among umbrella organizations of the private sector for the country's economic prosperity.

Speaking in the context of the election of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), he stated that elections are a democratic process and all parties should move forward together after its conclusion. Former President Mall expressed the view that the private sector should unite for its rights and interests, forgetting the wins and losses in the election. He also expressed the commitment that the Nepal Chamber of Commerce will cooperate as always with the new leadership that gets elected to the Federation.

Mentioning that the private sector is facing various challenges at present, Mall expressed dissatisfaction with the government's working style. He stated that there is a difference between the assurances given by the government and its actions.

He argued that businessmen are suffering due to policy ambiguity and cumbersome regulations. Informing that the Chamber has drawn the attention of the Commerce Minister regarding the recently surfaced 'MR' (Market Monitoring/Regulation) related problem, he complained that the government does not consult sufficiently with the private sector when formulating policies.

He particularly stressed that organizations like the Federation of Nepalese Chambers of Commerce and Industry, Nepal Chamber of Commerce, and the Confederation of Nepalese Industries should take active and integrated initiatives to solve the problems of the private sector by embracing the rule of law.