Stationary business's 17th AGM held

Kathmandu, Aug 15: Nepal Miscellanies and Stationery Industry Association Saturday urged the government to introduce the Industrial Enterprise Act at the earliest.

Citing the deteriorating business environment in the country, the traders of the stationery items stated that the government should facilitate the domestic industry in order to generate employment and revenue.

 Speaking at the 17^th Annual General Assembly of the Association, vice president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Dinesh Shrestha informed that the country was self-reliant on the paper related miscellanies, notebooks, registers and ink.

The Assembly had decided to expand the network of the association across the country and unilaterally address the challenges faced at the local level.

 “However, the industry has been facing a severe crisis due to the shortage of electricity, lack of workers. It has compelled some entrepreneurs to quit the business,” Shrestha said.

He said that in order to address those and other problems that are haunting the business, the government should work to endorse the Industrial Enterprise Act from the Parliament as soon as possible.

Shrestha remarked that the political agenda was at the center while the economic agenda was pushed at the periphery.

President of the Association Sunil Gopal Shrestha informed that the miscellanies and stationery industry has the annual turnover of about Rs. 15 billion.

Businessmen Hari Bhandari, Krishna Chandra Poudyal, Rameshwor Parajuli and immediate past president Prayas Chandra Poudyal highlighted the status of the stationery business in the Assembly.