Anjan Shrestha elected as senior vice-president of the FNCCI

Kathmandu / April 13: Anjan Shrestha has been elected as the senior vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI).

Shrestha, along with two other candidates– Ram Chandra Sanghai, Umesh Lal Shrestha—were vying for the position. Following the defeat of Sanghai in the first-round election that held on Wednesday, Shrestha secured his win after Umesh Lal Shrestha agreed to hold back for the seat.

The election entered the second-round as none of the candidates got 50 percent votes in the first round. As per FNCCI’s statute, one should receive at least 50 percent votes to be elected as senior vice-president.

The newly elected Senior Vice-president Shrestha is the executive director of the Laxmi Group, a conglomerate of Sujal Food and Dairy Products, packaging industry, automobile trading, infrastructure, steel manufacturing and agriculture, among others. Shrestha will be automatically promoted to the position of the FNCCI president after three years.