Policy will be simplified to set up manufacturing industries: Finance Minister  

Kathmandu- Finance Minister Janardan Sharma has said policies would be simplified to establish the manufacturing-focused industries.

He vowed it while receiving a memorandum from the Confederation of Nepalese Industries (CNI) on Wednesday. The FNI submitted a memorandum to the Finance Minister, demanding the arrangement of loan up to Rs 50 million with project collateral to the existing small and mid scale industries so that employment and self-entrepreneurship would be increased and national economy made dynamic.

The CNI expressed belief that the 'Make In Nepal' campaign it launched to the transformation of productive economy would be propped up by the government provisions as mentioned in the recent whitepaper on national economy and common minimum programmes. The CNI has suggested policy reforms in various 34 sectors. For it to happen, a committee has to be formed, comprising the representatives of Finance Ministry, Ministry of Industry, Ministry of Law, National Planning Commission and the CNI.

For the promotion of domestic products, the imports of similar products should be discouraged, the CNI has underscored. 

On the occasion, Finance Minister Sharma appreciated the 'Make In Nepal' launched by the CNI. "I'm ready to work for reforms that encourage private sectors and increases revenue. From labour point of view, Nepal is rich at present. We need to mobilize youths," he added.

CNI Chair Bishnu Kumar Agrawal viewed that in general the monetary policy was good but the confusion created with cancellation of CCD radio should be wiped out on time. Also present were the vice chairs of the CNI in the meeting with Minister Sharma.
-RSS