FNCCI’s 10-Year Vision: Nepal’s Economy To Grow To $100 Billion
April 11, 2021 | Investopaper
The private sector has announced to invest 108 billion dollars in the next 10 years if the government creates a conducive environment for investment through policy reforms. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) made the announcement while unveiling its 10-year vision paper on Saturday.
In the ‘National Economic Transformation 2030’ vision paper released on the occasion of its 55th annual general assembly, the federation has put forward 100 plans by setting 10 priorities for investment. The National Economic Transformation 2030, prepared by the federation, is a roadmap for the private sector to contribute to the country’s prosperity.
The 10 priorities put forward by the federation include post-COVID-19 economic recovery, favorable and competitive business environment, investment promotion, policy reform, infrastructure development, international trade, human capital management and capital development, and responsible private sector.
Shekhar Golchha, president of the Federation of Nepalese Chambers of Commerce and Industry, said “At present, the size of the country’s economy is about 34 billion dollars. In the next 10 years, we will increase the size of the economy from 66 billion to 100 billion dollars.”
He also urged the government to address the problems of small scale industries which contribute 22 percent to the economy and create 2 million jobs.
