Federation of Nepalese Chambers of Commerce and Industry

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is the umbrella organization of Nepalese Chambers of Commerce and Industry. It was established in 1965 with the aim of promoting business and industry while protecting the rights and interests of business and industrial communities FNCCI has been playing a key role in promoting business and industry in the country. It provides, inter alia, information, advisory, consultative, promotional and representative services to business and government and organises training / workshop / seminar on a regular basis. FNCCI is Federation of Nepalese Chambers of Commerce and Industry.

Federation of Nepalese Chambers of Commerce and Industry
AbbreviationFNCCI
Formation1965 (1965)
TypeBusiness association
Legal statusNon-profit organization
Location
Key people
Bhawani Rana
(President)
Staff
60
Websitewww.fncci.org

Organizational structure

The highest policy making body of the FNCCI is its General Assembly which generally meets on an annual basis. The activities and functions of the FNCCI are planned and managed by the Executive Committee consisting 74 members including President and 5 nominated members who have tenure of three years (As per the Fifth amendment of FNCCI Constitution). Immediate Past President is the ex-official member of this Committee. The Executive Committee elects Vice-Presidents and constitutes the Councils and various Committees and Forums. It also appoints Director General who heads the FNCCI Secretariat.[1]

Significance

FNCCI is the largest private sector organization in Nepal and has more than 10,000 direct and indirect members. Direct members are most big business houses and corporate companies of Nepal as well as few multinational companies that have production facilities in the country. FNCCI members consists Total of 104 District/Municipality Level Chamber of Commerce and Industry, 99 Commodity Associations, 12 Bi-National Chamber of Commerce and Industry and 799 Associate Members.

FNCCI is working to promote Nepalese entrepreneurship and Nepalese products across the world. It maintains relations with the representative business associations of various countries of the world.[1] FNCCI is continuously lobbying to strengthens the political framework conditions for a good business environment in the country.[2]

Initiatives

FNCCI organizes among others Nepal International Trade Fair [3] every year to promote Nepalese products across the globe. This trade fair is the biggest in the country and takes usually place in March or April.

With the support of USAID, FNCCI established the Agro Enterprise Centre in 1991 which is promoting agro-business in the country. Within past fifteen years, FNCCI/AEC made valuable contributions in Agro Business Development and Promotion. Since 1 October 2002, FNCCI/AEC has been re-shaped with more focused Mission and Vision and is taking a renewed role in re-presenting the private sector agribusiness community in the development of agriculture and agribusiness in Nepal.[4]

Due to regular power outage (called load shedding) up to 14 hours a day [5] [6] and fuel shortage,[7] Nepalese Industries are facing serious problems and severe production losses. Therefore, FNCCI established the Energy Efficiency Centre (EEC) in 2010 that is a think tank and service provider in the field of energy efficiency.[8] The EEC is the first institution that is raising awareness for energy efficiency in Nepal's private sector and provides professional energy auditing services to the industries.[9]

Furthermore, FNCCI conducts various social activities like sport events, health camps etc. In 2012, FNCCI supported the CACCI-FNCCI Golf Challenge - an international golf competition in Nepal.[10]

See also

References
  1. "FNCCI Introduction". FNCCI. Archived from the original on 2 January 2014. Retrieved 30 December 2013.
  2. "FNCCI team meets Koirala‚ demand economic development". The Himalayan Times. 29 November 2013. Retrieved 28 December 2013.
  3. "Nepal Trade Fair Portal". FNCCI. Retrieved 31 December 2013.
  4. "Agro Enterprise Centre". FNCCI. Archived from the original on 2 January 2014. Retrieved 30 December 2013.
  5. "Energy crisis". The Himalayan Times. 26 February 2012. Retrieved 29 December 2013.
  6. "Energy crisis leaves Nepal in the dark". Surya Gaire. 14 April 2011. Archived from the original on 2 January 2014. Retrieved 29 December 2013.
  7. "Nepal hit hard by fuel shortage". Hindustan Times. 19 April 2011. Retrieved 29 December 2013.
  8. "EEC Homepage". EEC. 2012. Retrieved 30 December 2013.
  9. "EEC Introduction". EEC. 2012. Retrieved 30 December 2013.
  10. "CACCI-FNCCI Golf Challenge on Saturday". The Kathmandu Post. 5 October 2012. Retrieved 3 January 2013.

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