Note on Federation of Chamber of Commerce and Industries

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Federation of Nepal Chamber of Commerce and Industries (FNCCI)

Source: www.fncci.org
Source: www.fncci.org

NCC organized the first National Conference on Industry and Commerce in the year 1965. It paved the way for the formation of the federation of Nepalese Chambers of Commerce and Industry (FNCCI). It is an umbrella organization of the Nepalese private sector. It was established in 1965 with the aim of promoting business and industry while protecting the rights and interests of business and industrial communities. The vision of FNCCI is - 'Leading theNation's Economic Progress.'

Formation of FNCCI

The FNCCI is formed by its members. It has four types of members- District and Municipality level Chambers, Commodity and Sectoral Associations, Leading Public and Private Sector Undertakings and Bi-national Chamber.

Organization of FNCCI

The highest policy making body of the FNCCI is its General Assembly which generally meets on an annual basis. The activities and functions of the FNCCI are planned and managed by the Executive Committee consisting 74 members including President and 5 nominated members who have a tenure of 3 years. Immediate Past President is the ex-officio member of this Committee. The Executive Committee elects Vice-Presidents and constitutes the Councils, various Committees, and Forums. It also appoints Director General who heads the FNCCI Secretariat. The Office Bearers and Chairpersons of the Committee form the Standing Committee, which takes care of the urgent matters on behalf of the Executive Committee.

There are three councils such as District or Municipality Council, Commodity Council and Employers' council within FNCCI looking after the specific interests of the various segments of its member. The Employers' Council, a permanent organ of the FNCCI, acts as the national organization of Employers.

The Membership Committee scrutinizes the applications for membership and submits a recommendation to the Executive Committee for the decision to grant membership of FNCCI.

Committees, Forums, and Councils

The Executive Committee forms various Committees, Forums and Council which generally focus on the sectoral; and other specialized activities. The FNCCI has at present 25 sectoral and bi-lateral Forums and Councils. It includes Political Coordination Forum, Industry, and Commerce Forum, Nepal-China Non-governmental Forum and so on. Some of the examples of Committees are bank, finance, insurance, cottage and small industry, custom, and excise, fair and exhibition committees etc.

The FNCCI Secretariat

Function of the FNCCI or an effective day-to-day operation of the FNCCI, there is a professional Secretariat which is appointed by the Executive Committee. It has business library, training unit, HRD, database computer unit, display hall and conference or meeting halls besides office bearers and administrative wings supported by professional and support staff.

  • It plays a catalytic role in the business and industrial development and establishes sound industrial relations in the country.
  • To reinforces business community's commitment to the society.
  • To provide advisory services to government and lobbies.
  • To foster cooperation with related national and foreign organizations.
  • To provide up to date information services to business and government and the community at large.
  • To create awareness and support for business and industry efforts on issues affecting business.

Source:
Source:slideplayer.com


References:

Khanal, Soma Raj, Surendra Thapa Aslami and Sitaram Dhakal.Business Studies.Kathmandu: Taleju Prakashan, 2067.

Pant, Prem R., et al.Business Studies.Kathmandu: Buddha Academic Publishers and Distributors Pvt. Ltd., 2010.

  1. The vision of FNCCI is - 'Leading theNation's Economic Progress.'
  2. The FNCCI is formed by  four  types of members. 
  3. The FNCCI has at present 25 sectoral and bi-lateral Forums and Councils.
  4. It plays a catalytic role in the business and industrial development and establishes sound industrial relations in the country.
  5. FNCCI provides advisory services to government and lobbies.
.

Very Short Questions

The full form of FNCCI is Federation of Nepalese Chambers of Commerce & Industry .It is the nationally and internationally recognized umbrella organization of business in Nepal. It was established in1965 with the aim of promoting business and industries.

Formation

The main function of the FNCCI is planned and managed by the executive's committee consisting seventy-four members including president and five nominated members they are the ordinary member, Associate member, Specific member, Foreign member, Honorary member who have a tenure of three years. There are three councils such as District or Municipality council, Commodity Council, and Employees Council with FNCCI. It has four types of members- District and Municipality Level Chambers, Commodity and Sectoral Associations, Leading Public an Private Sector Undertakings, and Bi-national Chambers.

NCC organized the first National Conference on Industry and Commerce in the year 1965. It paved the way for the formation of the federation of Nepalese Chambers of Commerce and Industry (FNCCI). It is an umbrella organization of the Nepalese private sector. It was established in 1965 with the aim of promoting business and industry while protecting the rights and interests of business and industrial communities.It plays a great role in promoting business, trade and industry in the country. The vision of FNCCI is - 'Leading theNation's Economic Progress.' 

Formation of Federation of Nepal Chamber of Commerce and Industry

The FNCC is formed by its members. It has four members - District and Municipality Level Chambers, Commodity and Sectoral Associations, Leading Public and Private Sector Undertakings, and Bi-national chambers. At present, the FNNCI members consist 92 District and Municipality Level Chamber of Commerce of 75 districts.  It ha a number of bodies, committees, cells and secretariat by which it operates to achieve its objectives.

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  • What is the full form of FNCCI ?

    Fundamental of Nepalese Chamber of Commerce and Industies.
    Federations of Nepalese Chamber of Commerce and Industries
    Federation of Nepalese Chamber of Commerce and Industries
    Fundamental of Nepalism Chamber of Industry
  • FNCCI was established in ______.

    1756A.D
    1965 A.D
    2002A.D
    1822 A.D
  • _____is an umbrella organization of the Nepalese private sector.

    UNICEF
    NCC
    FNCCI
    TEPC
  • ______are the functions of FNCCI.

    To reinfource business community's commitment to the society
    To foster cooperation with related national and foreign organizations
    All
    To establish sound industrial relations in the country
  • ______is the examples of committes.

    Commerce
    Commodity Council
    Bank
    Industry
  • ________are the examples of forums and Councils.

    Insurance
    Finance
    Political coordination Forum
    Cottage industry department
  • What is the full form of HRD?

    Heridity Residence Development
    Humor Ressidence Development
    Human Resource Development
    Housing Residence Development
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