A delegation of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) met Prime Minister (PM) Girija Prasad Koirala on Tuesday to discuss problems confronting the industrial and commercial sectors.
According to a press release issued by the FNCCI on Tuesday, the delegation, during the meeting, urged the government to bring concrete programs to nourish the country’s industrial sector, which was on the verge of collapse due to internal as well as external causes.

They also demanded the government’s initiatives on termination of four percent additional customs tariff levied by India and to address the crisis confronted by the Nepal’s readymade garment industries following the US move to scrap duty-free access to the American market.

FNCCI has demanded Nepal Rastra Bank also to be supportive in times of difficulties while releasing loans. “Rescheduling and timely release of loans is an urgent need as banks at times hesitate in taking decisions,” the entrepreneurs said.

They also requested the government to support the business sector during such crisis.

In return, PM Koirala assured the team of looking into the matter.

Finance Minister Dr Ram Sharan Mahat and home minister Krishna Prasad Sitaula were also present on the occasion.

Finance Minister Dr Ram Sharan Mahat later informed journalists that the government has already initiated dialogue with India to terminate the additional customs duties levied on Nepali products.