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Disaster Prevention Important to Keep the Economy Afloat: Private sector

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Disaster Prevention Important to Keep the Economy Afloat: Private sector
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Business leaders and corporate groups have stressed on the need for strategic risk reduction planning in order to cope with future disasters, minimize business loss, and keep the industries functioning in disaster situations. In an interactive workshop entitled ‘Business Interruption Loss Control Program’, held in Kathmandu on April 4 by the Confederation of Neplalese Industry (CNI) and facilitated by the Chaudhary Foundation, experts from renowned American firm Miyamoto discussed with Nepali business leaders and industrialists best practices from across the world to minimize industry risk.

“Understanding disaster risks and proper strategic planning is crucial to ensure that we minimize losses and revive our industries immediately after disaster situations,”said Nirvana Chaudhary, Vice Chairman of CNI and Managing Director of Chaudhary Group. 

V. Gopalan, Principal of Miyamoto suggested businesses to adopt risk reduction practices.  “We should all think about safeguarding our businesses by adopting safe practices which might be quite simple and inexpensive if managed properly,” he mentioned.   

More than 30 of Nepal’s top industrialists, members of Federation of Nepalese Chamber of Commerce and Industries, CNI, and heads of Nepali corporate groups, and representatives from various multinational companies participated in the one-day workshop. 

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