Federation Concludes Budget Boosts Private Sector Confidence

Kathmandu. The Federation of Nepal Cottage and Small Industries has concluded that the recently presented budget has boosted the confidence of the private sector.< /p>

Speaking at a press conference organized here today to provide information about the Federation's 26th General Convention and 23rd National Women Entrepreneurs Conference, Federation Chairman Umesh Prasad Singh expressed confidence that the budget for the upcoming fiscal year 2083/084 will contribute to economic recovery, promotion of productive sectors, entrepreneurship development, and boosting the morale of the private sector.< /p>

He stated that they are confident that the budget will build an important foundation for making the economy dynamic and boosting the confidence of the private sector. "The focus on improving industry and business-friendly tax policies, entrepreneurship development, promotion of the digital economy, plans focused on increasing production and employment, and prioritizing energy and infrastructure development in the budget can be taken positively," he said, making public the Federation's views on the budget.< /p>

The Federation expects that the budget will address the slowdown in economic activities, challenges in investment expansion, problems in production and market management, difficulties in financial access, and the problems faced by cottage and small-scale entrepreneurs.< /p>

"The announcement of policy reforms will help increase the competitive capacity of micro, cottage, and small industries, reduce production costs, and expand market access," said Chairman Singh.< /p>

He mentioned that the Federation is committed to collaborating with the government for the successful implementation of the people-oriented, production-oriented, and development-oriented programs included in the budget, and emphasized the need to further strengthen the partnership between the private sector and the government.< /p>

26th General Convention on Jestha 24 and 25

On the occasion of entering the 37th year of the Federation's establishment, the 26th National General Convention and 23rd National Women Entrepreneurs Conference have been organized in Lalitpur on Jestha 24 and 25. Chairman Singh informed that about one thousand participants, including representatives and observers from all seven provinces and 77 districts, and women entrepreneur representatives, will participate in the convention.< /p>

He stated that the entrepreneurs' conference will make timely decisions on strengthening the Federation's organization, reviewing past progress, future direction, and policy and program formulation, as well as necessary policy reforms.< /p>

The General Convention will elect the new leadership of the Federation and the Central Women Entrepreneurs Committee for the next three years.< /p>