5th July 2025, Kathmandu
Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has issued a compelling call to British businesses: engage in sustained, long-term cooperation in Nepal’s burgeoning digital trade and investment sectors.
FNCCI President Calls Long-Term
This crucial message was delivered at the “Nepal–UK Tech Forum,” an event meticulously organized by the Embassy of Nepal in London, aiming to foster stronger bilateral tech ties.
Unlocking Nepal’s Digital Potential
President Dhakal articulated Nepal’s significant, yet often underestimated, potential in technology and digital services. He underscored the critical need for joint investment initiatives, vibrant startup exchanges, and enduring collaborations across key sectors.
These include, but are not limited to, Information Technology, e-Governance, FinTech, and EduTech – areas where Nepal is actively seeking to innovate and expand.
A Transformed Investment Climate
A cornerstone of Dhakal’s address was the remarkable transformation currently underway in Nepal’s investment climate. He highlighted the proactive adoption of tech-friendly policies designed to attract foreign direct investment. “Nepal has prioritized legal reforms to create an investment-friendly environment,” Dhakal affirmed. “In the past year alone, more than 30 laws have been amended, significantly simplifying the business and investment process for potential partners.”
To further streamline operations for investors, FNCCI has established a dedicated “FDI Support Desk.” Complementing this, Nepal has embraced digital innovation with the digitization of business registration and management processes through the National ID App, showcasing a clear commitment to ease of doing business.
Strengthening Digital Infrastructure for Global Competitiveness
Emphasizing the vital role of international cooperation, President Dhakal stressed the necessity of strengthening Nepal’s digital infrastructure, enhancing online systems, and standardizing technical benchmarks. He pointed out Nepal’s ambitious goal to graduate from Least Developed Country (LDC) status by 2026, a target that hinges significantly on making Nepal’s digital trade and service sector highly competitive in the global marketplace.
Dhakal also highlighted the private sector’s instrumental role in Nepal’s economic landscape, contributing over 80% to the nation’s Gross Domestic Product (GDP) and serving as a primary engine for job creation. “Nepal’s private sector is ready to lead the development of a digital economy,” he asserted, signaling a proactive and confident approach.
He further reassured potential investors by noting the government’s efforts to align investment laws with environmental, land, labor, and tax regulations, coupled with advocacy for policy stability over the next decade, which will “ensure credibility for both domestic and foreign investors.”
The forum attracted a diverse group of participants, including UK-based tech experts, influential investors, and members of the diplomatic community, all engaged in productive discussions aimed at deepening digital trade and technology partnerships between Nepal and the United Kingdom.
This collaborative spirit underscores a mutual desire to harness digital innovation for economic growth and shared prosperity.
For more: FNCCI President Calls Long-Term