NAda Auto Show 2024: Federation of Commerce and Industry Chairman Criticizes Government Over Economic Woes
Summary
At the NAda Auto Show 2024 in Kathmandu, Federation of Nepal Industries and Commerce Chairman Anjan Shrestha criticized the government over weak demand, low business morale, and the lack of clear policies to revive the economy. He urged stronger support for existing industries, domestic production, and contract manufacturing to help meet the government's ambitious economic targets.
Key Points
- Anjan Shrestha said Nepal’s private sector is facing its weakest morale in years because of poor market demand and difficult business conditions.
- He urged the government to back its economic goals with a clear action plan and stronger policy support.
- Shrestha called Nepal’s economy in need of “re-engineering” and said domestic industries must be made more sustainable.
- He highlighted the auto sector’s contribution to state revenue and pushed for more domestic production and assembly.
