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On July 5, 2002 Ambassador Kaminaga and Ravi Bhakta Shrestha, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) jointly inaugurated the FNCCI Human Resources Development Center (HRDC) and unveiled a booklet on Management Development Programs of 2001-2003.

The Embassy of Japan had extended grant assistance of US$ 45,490.00, or approximately NRs. 3,450,416.00 to FNCCI for the establishment of the HRDC under the Grant Assistance for Grassroots Development Projects (GGP) scheme of the Government of Japan.

The HRDC for management and administration has been established under the initiative of the FNCCI in order to overcome shortages of technical and managerial manpower in different fields and at different levels of the national economy. Therefore, the private sector plays a vital role in realizing a self-sustaining economy for Nepal, and human resource development is a key element in invigorating the sector. Many of the business organizations in the country have been facing overwhelming difficulties in carrying out training to develop their human resources due to the lack of capital and expertize. In light of this situation, the Center is expected to greatly enhance the development of managerial expertize and knowledge in the private sector; it will also contribute to the sustainable development of the economy.

The Center is located in the FNCCI building and has two training halls with a capacity to accommodate 20 to 30 participants at a time. It is equipped with an LCD projector, TV/VCR and overhead projectors.

Speaking on the occasion, Ambassador Kaminaga expressed his hope that the HRDC would be of great value to the Nepalese private sector in enhancing their managerial capacities and international competitiveness in order to make inroads into the global market, and the Center would make a significant contribution to the sustainable development of the nation's economy in the years to come.

Expressing his sincere thanks to the Government of Japan for extending the cooperation to FNCCI, Mr. Shrestha, President of FNCCI said the Center would become a catalyst in the development of human resources for the private sector in the country by providing practical short-term programmes for entrepreneurs and managers. He also emphasized that if personnel were equipped with the appropriate skills, they could become a valuable source of income generation for the nation.

The Center is expected to make a tangible contribution in the development of the Nepalese economy and its preparation for access into the World Trade Organization (WTO).