Kathmandu, Aug. 1
A book on self-reliant economy and
potential sectors of exports, launched the other day, concluded that Nepal had
the potential of increasing the export by about Rs. 405 billion in the near
future.
The book 'Aatmanirbhar Arthantatra
and Niryat Sambhawanaka Kshetraharu',
published by Confederation of Banks and Financial Institutions Nepal (CBFIN)
and the Federation of Nepal Exporters Association (FNEA) based on research and
analysis of the current situation of Nepali original products and international
demand and supply situation, has maintained that Nepal can immediately utilise
the export potential of Rs. 196 billion.
Likewise, Rs. 95 billion market
exists in Nepal for import substitution while export could be increased by Rs.
114 billion if the destination market could be diversified.
Stating that Rs. 7036 billion market
potential is untapped globally, the book suggested that Nepal could cover up to
5.75 per cent of it. The book has also analysed the potential for productivity
growth and the contribution that can be made to the sustainable development of
the economy and the creation of a self-sufficient economy through export
promotion.
The authors of the book, Dr. Gopal
Prasad Tiwari, Utatm Gautam and Krishna Raj Bajgain, have analysed the status
and market potential of 10 exportable goods, and suggested the major policies should
be adopted and strategies needed to be designed to promote the products and
enhance export.
The exportable goods include allo,
large cardamom, incense sticks, felt, ginger, herbs and herbals, hand-made
paper, yarn-textile-garment, turmeric-coriander and handicrafts made of natural
fibre.
The book presents a roadmap to
address the challenges that each of the 10 products is facing in policy
provisions, institutional set-up, production increase, promoting the interest
of stakeholders, increase of competitive capacity, product diversification and
market promotion.
Chief Secretary Dr. Baikunth Aryal,
Foreign Secretary Bharat Raj Paudyal, Secretary of Commerce Madhu Kumar
Marasini, Member of National Planning Commission Dr. Ramesh Chandra Paudel, President
of CBFIN, Pawan Golyan, Former President of Federation of Nepalese Chambers of
Commerce and Industry Bhawani Rana and Vice President of Nepal Chamber of
Commerce Kamlesh Kumar Agrawal jointly released the book.
Golyan said in the book launching
programme that it is necessary to channelise the investment of the banks and
financial institutions (BFIs) to safe and productive sectors.
"We have studied 10 years of
data on 10 commodities based on domestic raw materials, including agriculture
and forestry products, which have increasing demand in the domestic market and
have great potential for export growth in the foreign market," he said.
Chief Secretary Dr. Aryal said that
the book highlighted the objective situation of Nepali products and pointed out
both challenges and opportunities for the private sector and the government of
Nepal.
Stating that cooperation between the
government and the private sector is necessary for building a self-sufficient
economy, he mentioned that exports should be promoted by supporting the
promotion and use of Nepali products.
He also said that if the country can
emphasise on the production of export goods, there will be no problem of
marketing, and the government will take the necessary facilitation and
initiatives to improve the policy and practical difficulties seen for
productivity growth and export promotion.
Published in The Rising Nepal daily on 2 August 2023.
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