Nepalgunj: First president of the Nepalese Chambers of Commerce and Industry (FNCCI) Ravi Bhakta Shrestha, inaugurating the Ninth General Meeting of the Nepalgunj Chamber of Commerce and Industry (NCCI) here Friday, said, “Industry and Commerce could not flourish in the country owing to political instability and recession.”

FNCCI executive member Dr. Gopal Prasad Shrestha said that the weaknesses and shortcomings faced in the value added tax should be resolved.

Nepalgunj Mayor Dhawal Shumsher Rana described the role of business community in the overall development of the municipality as significant.

Chief District Officer Shyam Prasad Mainali said that the administration was alert enough to step any irregularities in business.

Chamber Secretary Satish Kumar Agrawal presented the annual report at the meeting chaired by its president Achyut Prasad Prasai.