Private sector ready to invest in Budhigandaki: Dhakal

Kathmandu, Jan. 29

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged concerned stakeholders to immediately move forward with the construction of the Budhigandaki reservoir-based hydropower project.

Addressing the opening ceremony of the 10th Dhading Festival organised by the Dhading Chamber of Commerce and Industry in Dhadingbesi on Thursday, Dhakal emphasised the need to advance the long-discussed 1,200-MW Budhigandaki project.

Stating that the Nepal Development Public Limited (NDP) has been established with investments from entrepreneurs, businesspeople and investors across Nepal, he said that if there is any shortage of resources for the project, the private sector is ready to invest through this company.

He also noted that expanding hydropower would also help unlock opportunities in minerals, agriculture and other business sectors, the FNCCI said in a statement.

Dhakal further mentioned that NDP is prepared to invest in any potential sector in Dhading district, including minerals, agriculture and other industries and businesses. He said the private sector has consistently completed projects on time, within budget, and in accordance with set quality standards.

“During the Gen Z movement in September last year, many private industries, factories, hotels and business establishments suffered arson and damage. However, most of the private sector has already repaired, restored and resumed operations. The private sector has proven that it can complete projects on time, at the required quality, and within allocated budgets,” he said.

Dhakal added that crackdowns on the private sector and attacks on private businesses have created fear among entrepreneurs. “The private sector produces goods, builds infrastructure, provides services, creates employment and pays taxes. So why is it always neglected?” he questioned.

Likewise, he said that locally organised fairs and festivals play a significant role in promoting and marketing local products, and that FNCCI always prioritises such events.

Published in The Rising Nepal daily on 30 January 2026.