Federation of Nepalese Chambers of Commerce & Industry ( FNCCI )

The Federation of Nepalese Chambers of Commerce & Industry (FNCCI) is a nationally and internationally recognised umbrella organisation of the private sector in Nepal. It is, in fact, the largest private sector umbrella body of Nepal. Established as a representative body of business organisations in the country, it represents the interests of the private sector and is involved in the promotion of socioeconomic development of Nepal through private sector-led economic growth.

Membership Structure

The Federation of Nepalese Chambers of Commerce & Industry (FNCCI) is registered as a national representative chamber in pursuant of Section 3 of the National Directives Act 1961 (Rastriya Nirdeshan Ain 2018).

The FNCCI Membership, at present, is comprised of:

123 District / Municipality Level Chambers in 77 Districts of Nepal (including 1 Observer chamber) [View]
123 Commodity / Sectoral Associations [View]
1782 Leading public and private sector undertakings [View]
20 Bi-national Chambers (including 8 observer chambers) [View]

The FNCCI is represented in almost all national councils/boards/committees/policy advisory bodies concerned with business and industry.

Vision:

"Leading the Nation's Economic Progress"

Mission:

"Facilitating Nepalese Businesses Become Globally Competitive"

Objectives:

The Federation of Nepalese Chambers of Commerce & Industry has defined its objectives based on the provisions outlined in its statute. Its objectives are:

>> To advance Nepal’s economic and social development.
>> To safeguard and champion the rights and interests of business individuals across the country.
>> To make effective and significant contributions to the development of an open-market economy while recognizing and adapting to the changes taking place in the global arena.
>> Act as the supreme representative body of trade and industry in the country while supporting the national goals of becoming a self-reliant and independent economy.
>> Forge and enhance collaboration with related national and international organisations.

Functions:

The functions of the FNCCI are determined by its objectives. The various types of work it is involved in include:

>> Playing a catalytic role in the business and industrial development in the country while establishing sound industrial relations in the country.
>> Reinforcing the business community's commitment to society.
>> Providing advisory services to the government, and lobby as and when required in formulation and execution of business and industry related policies, acts and programmes which are private-sector friendly.
>> Fostering cooperation with related Nepali and international organisations.
>> Providing up-to-date and factual information to businesses, government and the country at large.
>> Creating awareness and leadingbusiness and industry initiatives on issues like quality, social responsibility, corporate governance, health-related campaigns, child labour, environment and climate change, among others.

Functional Principles:

The activities conducted by the FNCCIare guided by the following principles:

>> Professionalism in operation.
>> Collaboration with the government and development partners.
>> Commitment to fairness, competition, transparency, de-regulation, de-centralization and de-licensing.
>> Confidence in market-led private sector initiatives.
>> Extensive consultations with stakeholders while deciding on common industry and business views and proposals.

Introduction