Kathmandu, May 6
Shekhar Golchha, President of the Federation of Nepalese Chambers of Commerce and
Industry, stated that the external sector’s effect on the economy has impacted the capital market.
Golchha stated that the capital market is a reflection of the economy and that in order for it to flourish, electronic transactions should be made more structured and additional companies added.
Chairman Golchha stated this at the opening session of the federation’s mature capital market conference on Friday. He stated that the market has now been severely impacted. According to Chairman Golchha, the high-interest rate has damaged the capital market.
He stated that research on attracting foreign investment in the stock market should be
completed soon. He stated that all parties should be serious about the market’s growth and that a federation-specific document is being produced for the development and expansion of the capital market sector.
He stated that there are now 51.5 million Demat accounts, indicating that interest in the capital market has increased.
