FNCCI Commodity VP Naresh Lal Shrestha Wins: A Decisive Victory For the Commodity Sector
6th May 2026, Kathmandu
In a high-stakes election for the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Naresh Lal Shrestha has been elected as the Vice President (Commodity).
FNCCI Commodity VP Naresh Lal Shrestha
The final results, announced following the 60th Annual General Meeting (AGM) and subsequent voting at the Nepal Academy in Kamaladi, reveal a neck-and-neck finish that has gripped the Nepalese business community.
The Final Numbers: A Slim Margin of Victory
The election was characterized by intense competition between two prominent industry figures. Shrestha emerged victorious with a total of 63 votes, narrowly defeating his rival Shiva Ghimire, who secured 60 votes.
The slim 3-vote margin underscores the divided yet democratic spirit of the Commodity group within the Federation.
Leadership Transition at FNCCI
This election comes at a pivotal moment for Nepal’s premier private sector body. As per the FNCCI statute:
Anjan Shrestha has officially assumed the role of President, succeeding Chandra Prasad Dhakal.
The election focused on filling the positions of Senior Vice President, four Vice Presidents, and central executive committee members.
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Two major panels, one backed by the outgoing President and another by the incoming leadership, competed for these influential roles.
What This Means for the Commodity Sector
As the newly elected Vice President for the Commodity sector, Naresh Lal Shrestha is expected to advocate for the specific needs of various sectoral associations.
With Nepal’s economy facing challenges such as sluggish trade and the need for policy stability, Shrestha’s role will be critical in:
Policy Advocacy: Coordinating with the government to address grievances within the commodity markets.
Economic Revitalization: Supporting President Anjan Shrestha’s vision to boost investment and industrial growth.
Sectoral Unity: Bridging the gap between different commodity-based business interests to present a unified voice to the state.
Conclusion
The victory of Naresh Lal Shrestha marks a significant addition to the new FNCCI leadership team. As the Federation begins its new three-year tenure, all eyes will be on how this new executive committee addresses the legislative and financial hurdles currently impacting the Nepalese private sector.
For more: FNCCI Commodity VP Naresh Lal Shrestha
