May 25: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is hopeful that the policy and programmes announced by the government for the next fiscal year (FY) will create investment-friendly environment and create enough employment opportunities in the country.

The government has addressed some of the concerns of the private sector. FNCCI also welcomed the government's initiative to increase investment and reduce operating cost by improving legal and institutional framework.

FNCCI has positively responded to the government’s message that Nepal will become a developed country with increased financial growth and stable economy. The government has announced that the country will gain double digit economic growth in five years.

The government’s announcement on investment promotion in mining industries, developing sugar mills, investing to improve the quality of leather shoes have been welcomed by FNCCI.