December 8, 2022, Thursday
Nepal 1:37:26 pm

Govt.  prepares to resume closed industries: Minister Badu

The Nepal Weekly
September 27, 2022
NC leader Badu appointed as Minister for Industry, Commerce and Supplies -  The Annapurna Express

The government is preparing to run the closed industries by this fiscal year by unveiling policies needed for this endeavour.

Releasing the key accomplishments of his five-month in office, Minister for Industry, Commerce and Supplies Dilendra Prasad Badu said on Thursday that the private-public partnership would be taken into consideration to run the industrial estate ina full-swing and resume the closed industries.

“The Ministry has advanced to draft needed laws, procedures, regulations and investment framework,” pointed out Minister Badu. According to him, the government has accorded priority for employment creation and exports promotion while running all the industrial estates of the country, giving priority to the partnership of the private sector. 

Likewise, the minister pledged for effective market monitoring during the festival season and control unusual price hike in the goods while ensuring smooth supplies of essential goods.

Monitoring jobs could be made further effective with the proactive roles of and coordination between all three levels of government. The government, as the Minister shared, was prepared to run the fair price shops from September 17, targeting the festive season which would contribute to control price hike to some extent.

On the occasion, Minister Badu said studies were being carried out to lift ban imposed on import of four goods, adding that six out of imposed 10 goods were lifted considering the country’s economic status and reserve of foreign exchange. The government has still imposed a ban on import of readymade alcohol, four-wheelers, and motorcycles with engine capacity of 150 CC and mobile phone sets that cost more than 300 US Dollars.

The Ministry informed that concessional loan and rescheduling of the loan through fiscal policy and monetary policy to the affected industries is one of the key accomplishments made in the past five months. Various other schemes of subsidy and grants were also provided during the same period. 

Similarly, promotional programmes were launched to grow aboriginal products in the mountainous districts, quantity of food supplies increased and efforts ongoing to control black-marketing of daily essentials. 

Moreover, Minister Badu said preparations are afoot to give subsidy to establish processing industries in the pocket areas for the production of cardamom, turmeric, ginger, garlic, pepper, coriander, cumin, chili and other spice-like products along with technology transfer for their export.