Kathmandu, Aug. 21
President of the Federation of Nepalese Chambers of
Commerce and Industry (FNCCI) Chandra Prasad Dhakal has said that startups and
small entrepreneurs can seek investments from the investment company established
by the FNCCI.
The Investment Company, with a capital of Rs. 10
billion, was established on the initiative of the FNCCI. However, it will be
operated independently and any investor can invest in the company, Dhakal said
while speaking at the Startup Nation 2030 conference in the Capital on
Wednesday.
He added that to boost the economy, along with foreign
direct investment, the country can also tap into the funds of small investors
spread across the country who want to invest in an industry or business.
"However, since the funds are small when taken
individually, we need to pool all their money to form a large fund," he
stated.
According to him, the large fund managed by the new
company can be used to invest in bigger development projects that the country
requires. The fund can also be used to invest in state-owned industries that
have remained shut for years.
"Not only will this help in industrialisation but
also in generating employment within the country," Dhakal said.
The FNCCI plans to mobilise its offices in the
provinces to drive this initiative forward, and also collaborate with the
provincial government to establish the centres there.
The business body has already launched an initiative
to establish an incubation centre in Sudurpashchim in collaboration with the
provincial government there and the Kailali Chamber of Commerce and Industry.
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