Government Promised Support, Now Ignores Us: FNCCI Chief at NADA Auto Show
Summary
FNCCI President Anjan Shrestha says the government has failed to support Nepal’s automobile industry after encouraging local manufacturing with promises of tax benefits and incentives. He warned that weak demand and low business confidence are hurting operating companies and broader industrial growth.
Key Points
- Anjan Shrestha said the government has not provided adequate support to Nepal’s automobile industry.
- He recalled that earlier finance ministers encouraged local manufacturing with promises of tax benefits and incentives.
- Shrestha warned against neglecting active businesses while trying to revive long-defunct state-owned factories.
- He said market demand and business confidence are at their lowest in decades and urged a safer investment environment.
