FNCCI, FENIE condemn destruction of private and public property

Kathmandu, Mar. 29

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed deep concern over the recent protests and demonstrations that have severely impacted the general public, business community, and private enterprises.

In a statement issued on Saturday, the business body strongly condemned the acts of violence, looting, and arson that have resulted in the destruction of both private and public property.

The protests that took place in Kathmandu on Friday, March 27 led to unfortunate incidents of human casualties and significant loss of property, which FNCCI describes as deeply saddening.

A journalist and a protestor were killed in the incidents while businesses and properties were vandalised and set to fire. The Federation has extended heartfelt condolences to the families of those who lost their lives and wished for a swift recovery to the injured.

Furthermore, the FNCCI has condemned the attacks on private properties, media houses, business establishments, offices, and other commercial activities. The incidents of arson, looting, and violent destruction have caused substantial damage, and the federation has demanded compensation for those affected.

"While FNCCI acknowledges the right to peaceful protest as guaranteed by the Constitution of Nepal, it strongly denounces the use of violence, destruction of property, and loss of lives during demonstrations," read the statemen. The federation has urged all concerned stakeholders to ensure public safety and prevent the recurrence of such incidents in the future.

FNCCI has called upon the government and relevant authorities to take immediate action in safeguarding law and order while protecting the rights of individuals to conduct their business activities without fear or disruption.

Likewise, in a separate statement, Federation of Nepalese Industries and Entrepreneurs (FENIE) strongly condemned the recent attacks on business establishments, financial institutions, and private properties, stating that such violent acts are aimed at destabilising Nepal’s economy and weakening the financial strength of industrialists and the general public. 

"For years, Nepali industrialists and entrepreneurs have faced repeated attacks, with financial institutions being targeted to create economic instability. We have asserted that these actions are part of a regressive agenda orchestrated by former royalists to cripple the economy and push the nation backward. The violent activities carried out in Tinkune Friday by self-proclaimed royalist groups have further exposed this underlying intent," read the statement.

Criminal activities, including the destruction of public and private property, are unacceptable and must be dealt with firmly, it said. 

The FENIE has called on all relevant stakeholders to ensure a safe, transparent, and fear-free business environment in Nepal. It has urged business communities and the general public to remain vigilant against such activities and work together to protect life and property.  

Published in The Rising Nepal daily on 30 March 2025.