Govt ready to balance internal production, imports: FM Koirala
Minister for Finance, Shankar Prasad Koirala said that the government was ready to find the solution to balance internal production and import of foreign goods.
Inaugurating the Nepal Furniture and Furnishing Expo here in the capital on Wedensday, FM Koirala said the government is ready to provide any sort of support to promote industries of traditional skills and art.
"The government is ready to cooperate in policy, legal, infrastructure, and technical matters associated to this business. The government has started such efforts by bringing industrial policy. A distinct fund has been managed separately to support the aspiring entrepreneurs,," he added.
Koirala said the commitments signed at South Asian Free Trade Agreement (SAFTA), World Trade Organization (WTO) and other international agencies were the bottom line of the government and urged the entrepreneurs not to fear from VAT and other tax system.
Chairman of the Association, Krishnalal Pradhan, said the Nepali industrial business has been affected severely due to load-shedding, lack of capable human resource, raw materials, and labour problems.
Similarly, former Chairman of the Nepal China Chambers of Commerce, Rajeshkaji Shrestha, demanded that the government should implement the programmes provided to private sector through the budget.
Around 50,000 people have been employed in Kathmandu alone from 10,000 furniture industries, he added. Furniture industries contribute in the national economy by occupying almost one per cent of the entire sector of industries. RSS