FNCCI comes up with 20-yr vision

Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has come forward with strategies to attain 20 percent GDP growth rate.

During the special annual general meeting of the private sector's umbrella organisation, its president Kush Kumar Joshi demanded leading role for the private sector for economic revolution.

The 20-year vision developed by the FNCCI stated that 10,000 MW hydroelectricity can be generated within the next 15 years and another 10,000 MW in next five years. This is in line with the agenda raised by the Maoists during the Constituent Assembly election campaign.

Similarly, the private sector has also vowed to provide employment to half a million people within the next five years and raise the per capita income to US$ 1,500.

The vision paper also expects to achieve 15 percent growth in the export sector and to increase private sector investments by 45 percent during that period.

The FNCCI proposed the concept of build-operate-own and transfer and public-private partnerships in construction of physical infrastructures for electricity, education, roads, health, and fast track projects among others.