Federation of Commerce and Industry Chairman Calls for Government Support to Private Sector for Industrial Development
Summary
Anjan Shrestha has urged the government to offer concessions and incentives to help Nepal’s private sector drive industrial growth and create jobs. He also warned about counterfeit auto parts and batteries entering the market and called for stronger monitoring by customs and transport authorities.
Key Points
- Anjan Shrestha said the government should create an investment-friendly environment and support private-sector-led industrial development.
- He warned that counterfeit and substandard parts and batteries are increasing in the automobile market and urged stronger monitoring by customs and transport officials.
- Shrestha said the private sector accounts for 86 percent of employment in Nepal and argued that job creation at home is essential to curb youth migration.
- He opposed a policy that favors government-run industries while ignoring troubled private industries, calling for equal treatment and revival support.
