Nepal Chamber of Commerce Chairman Kamlesh Kumar Agarwal Stresses Industrial Transformation and Technology-Based Economy

Kathmandu. Nepal Chamber of Commerce Chairman Kamlesh Kumar Agarwal has emphasized the need to advance Nepal towards an electricity and technology-based economy by focusing on the country's industrial transformation, energy utilization, and technological development.

Addressing the inauguration ceremony of the 'Fin Electo Tech Expo 2026' organized by the Federation of Electrical Entrepreneurs of Nepal as a special guest, Chairman Agarwal expressed confidence that such an international exhibition will take technology, energy, and industrial cooperation in Nepal to new heights.

Chairman Agarwal stated that the exhibition, organized with the objective of taking the development of Nepal's energy, electricity, electronics, information technology, communication, and alternative energy sectors to new heights, is not just a commercial activity but an important campaign towards technology, innovation, friendly development, and building a green economy.

He expressed confidence that the exhibition will facilitate the exchange of necessary information, experience, and technology among entrepreneurs, businessmen, producers, and service providers in Nepal's electrical and electronics sectors. He also stated that international-level exhibitions of this kind help national and international entrepreneurs and producers come to a single platform and expand economic relations.

According to Chairman Agarwal, such an exhibition will serve as a starting point for advancing Nepal towards a new economic journey. He expressed confidence that it will help reduce the gap between production capacity and market opportunities, thereby moving the country towards its economic growth targets. He mentioned that such activities can significantly contribute to achieving Nepal's economic growth target of up to 7 percent.

He presented the fact that per capita annual electricity consumption in India is around 1,500 and in China is 7,100 kilowatt-hours, while in Nepal, per capita electricity consumption is only about 465 kilowatt-hours. He stated that this clearly shows a large gap between Nepal's energy utilization and industrial development.

He emphasized the need to promote clean energy development, stating that increasing electricity consumption and expanding energy utilization are the basis of economic transformation.

Similarly, he stated that the current MRP system creates challenges in the business sector. He mentioned that it is difficult for businessmen due to the mandatory MRP labeling at the customs point itself. He pointed out that labeling at the customs point is practically difficult as various types of goods arrive in the same container.

He stated that the current system creates unnecessary pressure on businesses due to the inadequate development of customs infrastructure, and reforms are necessary. He emphasized the need to promote free competition and market expansion, as such a system directly affects consumers. Furthermore, Chairman Agarwal expressed confidence that the exhibition will help develop Nepal as a center for technology, energy, and innovation.