Economic growth not possible sans private sector: Minister Bhandari

Minister for Industry, Commerce and Supplies, Damodar Bhandari, has insisted on the involvement and promotion of the private sector in the journey towards national prosperity.

While inaugurating the ninth AGM of the Nepal Printers’ Association Federation here today, the Minister ruled out the possibility of achieving economic growth without private sector’s role. He took time to highlight the need to come up with new action plans to resolve national issues seen in the economic sector.

Pledging to review laws relating to industries, the Minister said constant efforts were going on from the ministry level to operate industrial villages. The Minister stressed the need of industrial development in each area so as to enhance industrial contribution to the gross domestic products. It will eventually advance country towards the targets set by the 15th periodic plan and the budget.

The preparations for formulating the start-up policy neared the final phase and through such policy, we set goals to encourage new and probable investors to see potentialities and opportunities in each sectors and to create self-employment opportunities through the promotion of entrepreneurship, the Minister shared.

Minister Bhandari said the government was ready to cooperate with the Federation to address genuine demands of printing entrepreneurs come intuitionally, seeking the Federation role to expand domestic identity and find international market for the printing business.

According to the Minister, the government had a policy to promote printing industry assisted by modern technology compatible with time which promotes of relevant skills, knowledge and expertise.

Federation Chair Khom Kant Regmi spoke the need to formulate a new act relating to printing press, soft loan from financial institutions to printing industries, and to operate government-run printing presses through a one-door system. He presented a charter of 19 demands before the government.