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.