President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has emphasized the need for an effective one-window system for Nepal’s industrial development.
Speaking at a program organized by the Ministry of Industry, Commerce, and Supplies on Tuesday to mark the 11th National Industry Day with the theme “Improving Industrial Environment: Foundation for a Sustainable Economy”, Dhakal said that businesspersons are facing unnecessary hassles due to the presence of multiple government agencies performing similar tasks.
“In Nepal, we have too many government agencies doing the same type of work. Instead of making the business environment simple and convenient, complications and hassles have increased. We must streamline the one-window system and reduce unnecessary institutions,” Dhakal said.
He noted that the economic situation of the country has become more complicated after the events of Bhadra 23–24 (Gen-Z movement) and stressed the need to prioritize personal and investment security.
Dhakal also appreciated the policy reforms introduced recently by the ministry on the initiative of FNCCI and highlighted the need for effective implementation of these policies.
Regarding Nepal’s weak export performance, he said that cash incentives for export promotion must be continued.
“Stopping cash incentives will severely affect investment, exports, and employment. If the government is under financial pressure, record the pending payments and reimburse later. But the incentive must continue,” he added.
The Department of Industry had issued a notice stating that it would not accept new applications for incentives for FY 2082/83 to avoid adding further liabilities.
Dhakal also stressed the importance of mobilizing domestic capital along with foreign investment to support development projects and entrepreneurship.
“Before the government talks about an alternative development financing fund, FNCCI has already initiated the establishment of Nepal Development Public Limited with a capital of 10 billion rupees. This will help manage capital for major infrastructure and other enterprises,” he explained.
He welcomed the government’s move to promote startups and innovation through dedicated funds and reaffirmed FNCCI’s readiness to cooperate in enhancing entrepreneurship and job creation.
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