Kathmandu, July 5: The 26th National General Convention of Federation of Nepal Cottage and Small Industries (FNCSI) commenced at Jawalakhel of Lalitpur today.
The gathering being attended by over 1,000 representatives is expected to review past policies, action plans and deliveries, identify organizational challenges, amend the Statute and prepare future programmes and strategic plans to address changing economic scenario and challenges. It will conclude electing a new leadership for the Federation, according to coordinator of the general convention management committee, Mohan Katuwal.
Addressing the inaugural session, Secretary at the Ministry of Culture, Tourism, and Civil Aviation, Mukunda Prasad Niraula, stressed the need for reinforcing public-private partnership model and creating more jobs. He was of the view of blending traditional skills into advanced technology and taking all possible measures to promote entrepreneurs.
On the occasion, FNSCI President Umesh Prasad Singh said small and cottage industries in the country had directly employed 3.2 to 4 million people. Government must take initiative to boost the morale of the sector, he demanded.
Cottage and small industries play a vital role in job creation, entrepreneurship development, utilization of local resources and revitalization of rural economy. Cottages and small industries have fixed capital of up to Rs 250 million, while industries with fixed capital of more than 250 million are called medium-scale industries.
As per the Economic Survey 2082/83, a total of 7,363 small industries and 2,237 medium-scale industries have been registered as of February/March of the current fiscal year, while the total number of small and medium-scale industries operating across the country stands at 984,000.
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