Private sector is pillar of national economy, says Minister Badu

KAVREPALANCHOWK, AUGUST 23 : Minister for Industry, Commerce and Supply, Dilendra Prasad Badu, has said the government was ready to cooperate with the private sector, which is the pillar of the national economy. Addressing the 23rd annual general meeting of the Nepal Plywood Production Association at Dhulikhel yesterday, Minister Badu viewed that the government would extend cooperation to the private sectors for the production and exports of goods.

The private sector is taken as an engine of the national economy, he reminded. "After the discussion held with industrialists and other stakeholders, the government has announced reform in the operation of industries. National production is kept in priority and promotion of the consumption of Nepali production given importance," Minister Badu shared.

A 10-year-long campaign should be launched as per the government's announced policy of collaboration with the private sector. In the programme, he also urged for the resumption of sick industries. He said, "Government is for resuming the sick industries. For it, the reason behind the closure of industries would be identified and those running in minimum scale would be operated in full swing." He argued that industrial villages must be established at each local level- one each in 753 local levels.

"Federal and provincial governments are ready to assist in establishing new industries. The government bears 40 percent in industrialists' proposal to set up a new industry," he mentioned. Moreover, Minister Badu said the government would provide incentives and financial support if plywood production was increased. The land threshold for big industries would be increased from the current 11 bighas, he shared. It was informed on the programme that there are 80 plywood industries in Nepal where 25,000 people have been directly employed.

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