Kathmandu, July 7: Minister for Industry, Commerce, and Supply, Gauri Kumari has said the trial production is presently underway at the Hetauda Textiles Industry under the management of a Directorate of the Nepali Army (NA).
Responding to concerns raised during the deliberations on the Appropriation Bill-2083 BS in a meeting of the National Assembly today, the Minister said the evaluation of assets and financial liabilities of seven sick industries is underway.
Reiterating of government’s efforts to revive the Hetauda Textile, the Minister said,” The Ministry is further effortful production, productivity and employment growths, while boosting the private sector’s morale.”
Stating that Investment Protection and Promotion Strategy is in the phase of endorsement from the Council of Ministers, she said once the Strategy is passed and implemented, it will help establish industries and enterprises as a zone of peace by protecting and promoting private properties.
According to her, the Ministry-level initiatives have been launched to further systematize and operate 10 industrial corridors based in various parts of the country.
She said, around Rs 435 million in land rent dues from the Industrial Corridor Management Limited have been recovered. A taskforce formed to find a long-term solution to issues in tea exports to India is preparing its report, while resources have been managed for the construction of warehouse to store of tea and cardamom.
“Through the diplomatic efforts, obstacles in the export of tea from Nepal to India have been addressed, resulting in smoother supplies,” she said.
She added that the minimum support prices for rice and wheat have been fixed, and sales and supply chains have been established through Food Management and Trade Company. Various programmes aimed at promoting employment and self- employment through the entrepreneurship development and skills enhancement have also been included in the government policies and programmers for the upcoming fiscal year.
Programmes have been implemented through the Trade and Export Promotion Centre for packing, marketization and export promotion of Nepali organic products.
Stating that the government has pursued an ‘express policy’ to promote domestic investment and attract foreign investment, the Minister said the process of accepting foreign investment via online system has already been implemented. All sorts of related services are being digitalized through the One Stop Service Centre.
The Minister said that a preliminary study has indicated the presence of 112. 2 cubic meters of natural gas reserves at Jaljale of Dailekh, adding that such resources could be utilised to produce 200 megawatt of electricity, 22 tons of urea fertilizer, and motor fuel. .
The Minister said that the government has presented the budget for the upcoming fiscal year as a take-off year with the objectives of securing seven percent annual economic growth, building a US Dollar 100 billion economy in five years, creating more than 1.2 million jobs, and increasing domestic production and productivity. #nepal #rss
