•      Mon May 20 2024

Minister Bhandari assures of new policy to re-operate defunct or sick industries

Damodar Bhandari

Chitwan, April 19: Minister for Industry, Commerce and Supplies Damodar Bhandari assured that the incumbent government would roll out a new policy to revive defunct or sick industries.

At the inaugural of an industrial exhibition and information technology fair at Bharatpur Metropolitan City-10 in Chitwan district, Minister Bhandari said that discussions would be held thoroughly to introduce new policy to re-operate such industries.

The Minister further shared that government, from the upcoming fiscal year’s policy, programme and budget, would ensure that each province gets at least one industrial area. According to him, the government was working towards preventing the situation where the entrepreneurs and industrialists should grow depressed. “We will turn the current despair into hope,” he pledged.

Stating that the government was mainly focused for making the upcoming third Investment Summit a success, he informed that policy related to increasing consumption of domestic goods and start-up would be introduced very soon. He emphasized amendment in the industry policy in timely manner to boost domestic production.

Minister Bhandari lamented that the problems at policy level among the three-tier government had caused impeded economic activities and committed to move ahead by ironing out such issues.