Investment expansion boosts job creation and security: Dhakal

Kathmandu. Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has stated that as domestic and foreign investment increases, job creation and labour security will also be guaranteed.

Speaking at a business and human rights discussion programme held in Bangkok, Thailand on Tuesday, President Dhakal said that the increasing growth in production and productivity will create an environment that protects the rights of both investors and workers.

Similarly, he stated that all sectors cannot move forward without providing opportunities for small and medium-sized entrepreneurs to thrive. He emphasised that the government and development partners should pay attention to the rights of small entrepreneurs.

Likewise, he emphasised that all sectors should work together to formalise the informal sector and the workers employed there. Informing that a strategy is being developed for formalisation, President Dhakal stated that everyone should take the initiative for sustainable economic development.

President Dhakal also stated that the FNCCI is sensitive to human rights issues and is willing to attract investment by encouraging responsible business practices.

Furthermore, he informed that Nepal has recently amended eight laws related to investment and approved a bilateral investment treaty framework to improve the investment environment, adding that the investment environment is continuously improving. He urged investors to invest in Nepal.

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