26th September 2025, Kathmandu
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has issued a strong call to action, urging the Nepalese government to prioritize the security of business and personal property.
Nepal’s Business Future Risk
This follows recent incidents of vandalism and arson during the youth (Gen Z) movement, which have caused an estimated NPR 80 billion in damages to industries and businesses nationwide.
Key Takeaways from the FNCCI’s Request
Protecting the Private Sector is a National Priority:
FNCCI President Chandra Prasad Dhakal highlighted the private sector’s massive contribution to Nepal, accounting for 81% of the economy and 86% of employment. He emphasized that guaranteeing a secure environment for entrepreneurs is not just a business concern, but a matter of national prosperity and stability.
Holding Perpetrators Accountable:
The federation stressed the need for the government to take the strongest legal action against those who committed acts of violence and destruction. This is seen as a crucial step to deter future attacks and restore confidence among investors and the public.
Beyond Security Fostering Good Governance:
The FNCCI leaders, including Senior Vice President Anjan Shrestha and Vice Presidents Hemraj Dhakal and Jyotsna Shrestha, pointed to the root causes of the recent unrest. They underscored the Gen Z generation’s aspirations for good governance and a corruption-free society, noting that addressing these demands is essential for long-term stability and economic growth.
A Call for Economic Pragmatism:
Anjan Shrestha also suggested that the government request the United Nations to defer Nepal’s graduation from the Least Developed Country (LDC) category, citing the current challenging situation. This shows the private sector’s concern for the potential economic fallout and its proactive approach to protecting the nation’s interests.
Why This Matters for Nepal’s Economy
The FNCCI’s statement serves as a critical reminder that a stable and predictable environment is the foundation of any thriving economy. By ensuring the safety of businesses and property, the government can:
Boost Investor Confidence:
Attacks on private property create an atmosphere of uncertainty, discouraging both domestic and foreign investment. A strong government response can rebuild trust and signal that Nepal is a safe place to do business.
Protect Jobs and Livelihoods:
The NPR 80 billion in losses translates to disruptions for countless businesses and their employees. Protecting these establishments directly safeguards the livelihoods of thousands of Nepalese workers.
Align with Youth Aspirations:
By addressing the demands for good governance and creating a secure environment for entrepreneurship, the government can channel the energy of the youth movement into a positive force for economic development.
In response, Minister Anil Kumar Sinha acknowledged the private sector’s vital role and assured the delegation that the government is serious about ensuring security. He emphasized that the nation’s industrial reform is impossible without the private sector’s active cooperation.
The message is clear: the path to a prosperous Nepal hinges on a strong partnership between the government and the private sector, built on a foundation of security, good governance, and the rule of law.
For more: Nepal’s Business Future Risk