The elected president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Anjan Shrestha, has said that he will move forward together with the new government.

Shrestha, who was elected president at the 60th annual general meeting of the federation, has made public the 'Six Pillars, Sixty Initiatives' program and the related detailed action plan. It has also been stated that the strategic programs and action plans to be taken forward by the federation will be implemented by prioritizing the long-term interests of the private sector, creating an investment-friendly environment, and institutional strengthening of the federation.

The 'Six Pillars, Sixty Initiatives' program and its detailed action plan have been made public with the aim of enhancing the institutional capacity of the federation and making the common voice of the private sector more effective, credible and result-oriented. 

'Small and medium industrialists lack capital. Earlier, cooperatives used to invest,' he said, 'there is liquidity in banks. But when problems arose in cooperatives, small and medium industrialists faced problems. We will work together with the government to increase the flow of capital into the market.'

Saying that the government has decided to introduce a sunset law within a certain period, he said that the problems arising in various laws will be resolved. Overall, he said that the government should work to increase the morale of the private sector, provide security, and reduce the cost of the private sector.

The election of members, including 4 vice-presidents, has been held from the 60th annual general meeting of the federation. Now the election of the senior vice-president and treasurer is pending.

According to Chief Election Officer Lilamani Poudel, the working committee has not taken any decision for the election of the senior vice-president and treasurer. He said that the process will begin once the working committee sets a new date.

This is the '6 Pillar 60 Initiative' of the Federation

Pillar 1  ·    Strengthening the services provided by the Federation and expanding the network 

1.  Detailed needs assessment of district, city, and associate members

2. Strengthening and professionalizing the Federation Secretariat

3. Establishment of separate district and subject-specific desks to make the services provided by the Federation effective

4. Digital membership portal, mobile app for members and service flow monitoring system for strengthening services

5. Creation of a system for managing and resolving policy, business and administrative problems and complaints of members 

6. Effective operation and management of the commercial dispute resolution and mediation system 

7. Institutional sustainability of district and city industry and commerce associations, diversification of income and coordination program with provincial and local governments

8. Facilitation and improvement in other administrative services required by members, including certificates of origin 

9. Startup and Youth Entrepreneur Incentive Program 

10. Increase in the institutional income of the Federation and improvement in financial governance

11. Improvement in other institutional governance, including the annual general meeting of the Federation and member organizations 

Pillar 2   :  Economic Reform and Good Governance

12. Establishment of a public policy, economy, business and law research branch in the Federation

13. Establishment of a law desk in the Federation for the protection and regulatory consultation of members 

14. Active support for the government's governance reform and the second phase of economic reform

15. Policy recommendations focused on the economy and the private sector, including budget, monetary policy

16. Monthly economic brief and quarterly economic status report 

17. Active involvement in the formulation of laws, rules, regulations and guidelines related to the private sector, economy and business

18. Preparation of private bills under the leadership of the Federation

19. Business Confidence Survey and Private Sector Sentiment Index

20. Implementation of MoUs with Universities and Research Institutions

21. Launch of Policy Dialogue Series in the Federation

Pillar 3: Competitiveness and Growth

22. Made in Nepal and Local Product Promotion Campaign

23. Initiative to make industrial sectors and Special Economic Zones (SEZ) effective in partnership with the government

24. Action plan to increase competitiveness of key manufacturing sectors

25. Strengthening of Federation provincial offices for MSMEs, startups and business development services

26. Joint dialogue with foreign chambers to increase competitiveness of manufacturing-oriented industries

27. Contract Manufacturing and Assembly Promotion Program

28. Expansion of regional value chains and cross-border manufacturing relationships

29. Export Promotion, Trade Facilitation and Logistics Improvement Program

30. Initiatives in policy facilitation to replace imports for strategic goods

31.  Facilitation of digital transformation and technology use for Nepali enterprises

Pillar 4   : Development cooperation and private sector development

32. Development Partnership Branch in the Federation 

33. Expansion of bilateral cooperation for private sector development 

34. Coordination with provincial and local governments for promotion and expansion of the private sector  

35. Skill development and human capital building

36. Development of women's entrepreneurship through bilateral means

37. Facilitation of investment by overseas Nepalis

38. Development of private sector programs in line with climate, green finance and the Sustainable Development Goals (SDGs)

39. Development of alternative finance mobilization strategy for the private sector

40. Nepal Investment and Business Conference led by the Federation

41. Preparation and support programs for upgrading in developing countries

Pillar 5   :   Labor, skill and productivity improvement

42. Creation of Skill Academy as a national level industry training institution at the initiative of the Federation

43. Creation of a tripartite partnership framework between industry-education sector-government

44. Uniform Occupational Standards Framework for major sectors

45. Launch of skill development and re-skilling program for manpower

46. Promotion of technical and vocational education and skill-oriented education initiative

47. Preparation of a national skills and demand survey and a report on the professional labor sector

48. Creation of a productivity-based wage framework

49. Establishment of an effective mediation center in the Federation for labor and industrial disputes

50. Targeted skill utilization, transfer and entrepreneurship program for returned foreign workers

51. Initiative and advocacy for effective implementation of the Labor Act and contribution-based social security reform

Pillar 6: Private Sector Promotion and Protection

52. Private Property and Business Rights Charter

53. Advocacy for Anticipatory Bail and Decriminalization of Business Disputes

54. Ease of Doing Business Reform Program

55. Creation of Professional Harassment Monitoring and Confidential Complaints Mechanism