Together for Peace and Prosperity - Joint Declaration of Private Sector
Under the coordination of National Business Initiative (NBI), Nepal’s leading umbrella business organizations — Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), Nepal Chamber of Commerce (NCC), Federation of Nepal Cottage and Small Industries (FNCSI), Hotel Association Nepal (HAN), Federation of Contractors’ Associations of Nepal (FCAN), Independent Power Producers’ Association, Nepal (IPPAN), Private and Boarding Schools’ Organization Nepal (PABSON), Nepal Petroleum Dealers’ National Association (NPDNA), Nepal LP Gas Industry Association (NLPGIA), Association if Private Health Institution of Nepal (APHIN), Footwear Manufacturer’s Association of Nepal (FMAN), Dairy Industries Association (DIA), Federation of Handicraft Association of Nepal (FHAN), Federation of Nepal Brick Industries (FNBI), Media Alliance Nepal — through joint dialogue and sharing, have jointly issued a declaration expressing their solidarity for “Peace and Prosperity” in response to the current economic, political, and social situation of the country.
Amid growing economic uncertainty, political instability, and recent social unrest, the private sector has pledged to play a more responsible, transparent, and nation-building role. Contributing billions in revenue through taxes and creating around 5 million jobs, the private sector has reaffirmed its commitment to continue working in the national interest even during these challenging times.
The joint declaration focuses on the following four action-oriented points:
* Formation of a task force comprising the heads of leading private sector organizations under NBI’s coordination to engage in direct dialogue with the government, political parties, security agencies, youth, and other stakeholders to assist the interim government in ensuring free and fair elections.
* Ensuring business continuity by prioritizing investment and business security through effective legal enforcement, cooperating to eradicate corruption and promote good governance, and urging the government to make its services more business-friendly.
* Correcting misconceptions about the private sector by launching information and public awareness campaigns, and strengthening the culture of transparency and accountability in alignment with the aspirations of the new generation.
* Learning from past events to promote transparent, ethical, and responsible business practices, strengthen the campaign for a prosperous Nepal through capital growth and good governance.
The declaration emphasizes national security, stability, transparency, and trust-building — reaffirming commitment to free and fair elections, the eradication of corruption, promotion of good governance, self-assessment and transparency for rebuilding trust, ensuring business security, and contributing to sustainable economic stability through cooperation, dialogue, and shared responsibility in nation-building.
To implement the ideas presented during the event, a mechanism comprising representatives of leading private sector organizations, young entrepreneurs, and experts will be formed under NBI’s leadership.
Addressing the event, NBI Chairperson Kush Kumar Joshi stated that peace and prosperity are complementary to each other, and that in these difficult times, the private sector is not merely an instrument of the economy but also a foundation of national unity and hope. He emphasized that now is the time not for blame and division, but for unity and collaboration.
Our Story
“There can be no successful business without successful society and there can be no successful society without successful business.”
Decade long armed conflict in Nepal from mid 1990’s to mid 2000’s was a painful event for all Nepalese. Private Sector of Nepal responded creatively towards the conflict situation. On July 21, 2003 a national conference entitled “The Role of Private Sector in Peace Building, Reconciliation and Development” was jointly organized by three prominent business organizations, namely, Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Chamber of Commerce (NCC) and Hotel Association of Nepal (HAN) in Kathmandu.
The conference was participated by about 150 businessmen with the purpose to share South African experience on the role played by the private sector business community in resolving national conflict situation and to relate South African experience into Nepal’s case. The conference passed 8 point resolution and mandated to establish an alliance between business organizations and private sector solely devoted to peace building, reconstruction, reconciliation and development.
Accordingly, National Business Initiative (NBI) was established by fourteen major Nepalese Business Associations, and individual companies as an apolitical and non-profit-making organization in 2005. It is registered under Institution Registration Act in District Administrative Office of Kathmandu and affiliated to Social Welfare Council of Nepal. NBI is recognized as income-tax exempt organization by Inland Revenue Department of Nepal.
Thematic Areas
Peace, Security and Rule of Law
NBI collaborates with the stakeholders to promote peace, security and rule of law for all.
Responsible and Sustainable Business
NBI advocates for the responsible and sustainable business practice in Nepal in public and private organizations.
Innovation and Entrepreneurship
NBI has a faith that the country can progress with innovation and entrepreneurship.
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