Stakeholders stress on removing barriers to industrial growth

Stakeholders stress on removing barriers to industrial growth

9 Manseer, Kathmandu. The stakeholders have emphasized the need to remove the impediments in the industrial development of the country. Speaking at an event organized by the Department of Industries on the occasion of 7th Industry Day, the participants said that industrial development in the country could not pick up pace as they only sought procedural hurdles, legal complications and simplification.

The participants argued that the development of shopping habits instead of opening industries and producing food was fatal to the economy and should be linked to the post-Covid revival.

Deputy Chairman of the National Planning Commission, Dr. Vishwanath Poudel stressed the need to create a conducive environment for industrial development in the country. He said that people with money and fresh mind should be allowed to enter and exit the industry easily. The hassle of opening hands, closing and expanding industries and joining hands will not create an industrial environment, Paudel said, adding that the government should work to make the process easier and simpler. Stating that imports focused on production should not be discouraged, Poudel said that an environment should be created for the expansion of the industry with availability of raw materials and use of indigenous raw materials.

Speaking on the occasion, Finance Secretary Madhukamar Marasini expressed concern over the failure of the Nepali industry to make the desired progress even after liberalization of the economy. Secretary Marasini said that people who are involved in industry and production have a tendency to buy food instead of working while enjoying business.

Secretary Marasini said, “The government has increased the interest rate and the subsidy limit at the local level. The industry should now be connected after the Covid crisis.” He expressed concern over the government’s failure to increase investment in SEZs, industrial areas and industrial villages to create an industrial environment. Stating that innovative and small and cottage industries would also make a great contribution to the country, Secretary Marcin stressed the need to link this with employment and production. Stating that the private sector should focus on industry and production rather than trade, he said the government would leave no stone unturned to facilitate industrial environment and investment.

Speaking on the occasion, Sushil Bhatt, CEO, Investment Board said that despite some improvement in the operating environment of the industry, procedural constraints remain. Stating that there is a need to change the way inter-agency facilitation and investors look, Bhatta said there is still a problem in infrastructure development.

Representatives of the private sector complained that the private sector was working hard to create an industrial environment in the country but did not get the requisite government support.

Krishi Prasad Adhikari, working president of the Confederation of Nepalese Industries, said the government should launch a campaign to promote and protect Nepalese national products. “We have started the Make in Nepal Swadeshi programme. The government should have cooperated,” the official said, adding that the private sector wants to increase investment in agriculture, herbals, hydropower and forestry sectors under this campaign. , he said that it needs government support for its protection and promotion.

Stating that the country’s industrial history is not long but laudable, Bharatraj Acharya, president of the industry committee of Federation of Nepalese Chambers of Commerce and Industry, complained that the government had not acted to protect entrepreneurship. Terming the current situation in the country that started industrial development along with Japan, China and India as unfortunate, he said that it needs serious review.

Stating that Nepal should adopt the concept of interdependent economy, Industries Secretary Arjun Prasad Pokharel warned the private sector to know their business.

Source: OnlineKhabar