First Business News Portal in English from Nepal
KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has released its 10 year vision ‘National Economic Transformation-2030’ which targets to expand Nepal’s economy to USD 100 billion within next ten years.
Prime Minister KP Sharma Oli launched the paper on the occasion of 55th annual general assembly of the FNCCI Day-2021. Based on the three vision goals, the vision paper has identified 19 key focus areas and 100 initiatives.
In a bid to meet the ambitious target, the FNCCI has sought the investment of an additional $ 108 billion in the next decade. The vision paper also talks about reducing the deepening gap between imports and exports to half of the current figure. At present Nepal is facing a trade deficit worth around 28 percent of the country’s GDP.
The vision paper incorporates 100 various strategic plans to boost the economy includes achieving a double-digit economic growth rate and generating new employment opportunities to 2.2 million individuals via achieving a high and sustainable economic growth.
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