Kathmandu. Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has urged the government to allow import of vehicles below Euro-6 for one time.
Speaking at the inauguration of nada auto show 2025 organized by NADA Nepal Automobiles Association at Bhrikutimandap on Friday, he said that although the Euro-6 standard implemented by the government was positive, the then implementation could cause some problems.
Following Dhakal’s request, Prime Minister KP Sharma Oli said the demands raised by the FNJ president were positive and the government would consider the matter. Stating that the government has made policy arrangements and infrastructure development for progress and modernization, pm Oli opined that there would be no obstacle in investing and working on behalf of the government.
On the occasion, Chairman Dhakal said that nada auto show has made a good contribution to nepal’s economy and such fairs will play an important role in connecting the market and customers. Stating that the import of electric vehicles has been increasing in recent times, he said that there is a possibility of vehicle assembly industry, data center and environment-friendly production in Nepal.
He said the government has recently amended more than 30 laws related to industries, investment and business, which has made the perception towards the private sector positive. “Although Nepal has faced a challenging economic situation in the last few years, there are signs of improvement in the market now, the sales of vehicles are estimated to have increased by about 40 percent compared to two years ago, which shows the confidence in the market. Similarly, credit flow increased by 8.7 percent and the bank’s profit also increased. This is a positive thing. ” he said.
Stating that Nepal Development Company worth Rs 10 billion has been established at the initiative of FNCCI and the company aims to create investment opportunities in infrastructure, energy, tourism and manufacturing sectors, Chairman Dhakal said that the company, which was started with a capital of Rs 10 billion, could invest in big projects up to Rs 40 billion.
Recalling that the Federation had organized business conferences in India, China and Dubai to attract foreign investment, he said foreign interest in investment in Nepal was on the rise. He was of the view that foreign investment would become easier if the recent laws and agreements were implemented.
