Construction Entrepreneurs Federation Warns of Industry Collapse, Demands Government Action

Kathmandu. The Federation of Construction Entrepreneurs of Nepal has drawn the serious attention of the government and the Finance Committee of the House of Representatives, stating that the country's construction industry is on the verge of collapse. The Federation recently submitted a 13-point memorandum to the Chairman of the Finance Committee, urging immediate action to resolve the existing problems.

According to the data presented by the Federation, construction entrepreneurs have incurred a loss of approximately 10 billion rupees in construction materials, especially diesel and bitumen, due to price increases in the international market.