FNCCI: ‘Indefinite strike posing more risk to the economy than April 25 earthquake’

FNCCI: ‘Indefinite strike posing more risk to the economy than April 25 earthquake’

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has described the risk posed by the indefinite strike in Tarai as more than the damage done by the 25 April earthquake.

A delegation led by FNCCI President Pashupati Murarka told Prime Minister Sushil Koirala as much during their meeting on Saturday.

According to the FNCCI, the country’s business sector is sustaining daily loss of around Rs 20 million due to unrest in the Tarai region. Likewise, collectively traders are forced to incur loss of Rs 100 million a day as cargo trucks have been left stranded leaving businesses with no option than to pay detention charge and other several penalties.

The FNCCI President cautioned Prime Minister Koirala against the risk faced by the economic sector. “He requested Koirala to create a business friendly environment and deliver confidence to the entrepreneurs for operating industrial establishments,” the FNCCI said in a statement.

FNCCI says that there there has been increase in number of attacks against the industrial establishments in the Tarai region, including incidences of protestors hurling petrol bombs and vandalising factory installations.

Prime Minister Koiral asked the delegation to submit a written suggestion to the government for help businesses and industries withsand such adverse environment, the FNCCI said in a statment.

Source: The Kathmandu Post