Govt serious to promote investment

Lalitpur, Sept. 23: Minister for Industry Nabindra Raj Joshi Friday said that the government was seriously pursuing ways to create more favourable investment and industrial environment in every district through the promotion of private sector and investment.

Inaugurating a training programme on ‘Branding and integrated marketing communications’ organized by the Confederation of Nepalese Industries (CNI), Minister Joshi said that there was no alternative to developing industry, enhancing productivity and obtaining high economic growth without private sector development.

“In a liberal economy, private sector has to play a crucial role to push the economy forward. Therefore, I urge the business community to increase investment. The government is ready for the Private-Public-Partnership, too,” he said.

He urged the private sector to join hands with the government in operating the state-owned industries that had long been shut due to various reasons.

He informed that the government was planning to call proposals from cottage, small and medium scale entrepreneurs with an aim to assist them in upgrading their businesses.

Minister Joshi appreciated CNI for its efforts in enhancing the capacity of human resources through intensive training and orientation.

CNI president Hari Bhakta Sharma said that as the industrial development required continuous training, study and skill enhancement, CNI had established the Center for Industrial Excellence to cater to these needs.

He urged the government to provide the center with necessary economic, physical, and policy assistance.

Indian brand expert, Manush Sengupta, and professor Ujjwal Chaudhary are facilitating the three-day training.

About 52 managers and other officials from bank, industry, service, automobiles, pharmaceuticals, insurance and other business houses are attending the training.