Private sector's cooperation needed to solve economic problems: Minister Rijal

KATHMANDU, MARCH 4: Minister for Industry, Commerce, and Supply, Ramesh Rijal, has said cooperation from the private sector was essential to solve the problems relating to the national economy. he said it during a meeting with the office bearers of the Confederation of Nepalese Industries (CNI) yesterdy. "I stand with the private sector. I commit to addressing the problems facing private sectors," he vowed, adding that the private sector should be encouraged to make the country prosperous.

On the occasion, Chairman of the CNI, Bishnu Kumar Agrawal, urged Minister Rijal to boost the industrialists' morale. The industrialists' morale was down with a lack of investment-worthy capital, high-interest rate, and contraction in demand, he said, expressing worry that the contribution of productive industry was declining to GDP.

The CNI further stressed that only industrialization could help achieve sustainable development and create adequate employment. The industries that help to reduce imports must be prioritized, it argued.

RSS