Thursday, September 14, 2023

CNI underscores industrial development, employment creation in 16th plan

Kathmandu, Sept. 10

Confederation of Nepalese Industries (CNI) has suggested the National Planning Commission (NPC) to formulate the 16th periodic plan by according priority to domestic production, import substitution and employment creation.

It submitted a concept paper with its suggestions to the NPC on the upcoming plan on Sunday.

Submitting the document to Vice-President of the NPC, Dr. Min Bahadur Shrestha, Rajesh Kumar Agarwal, President of the CNI, emphasised that the 16th plan should focus on industrial development.

He said that an integrated industrial development strategy should be made to focus on industrial development, and there should be no land ceiling for industries. "Likewise, there should be policy stability and predictability, while 'Make in Nepal-Swedeshi Campaign' should be promoted to give priority to domestic production," said Agrawal.

Similarly, the CNI suggested that projects should not be contracted out on the basis of low-bidding to ensure high-quality infrastructure development, illegal transactions in border areas should be controlled, double tax exemption agreements should be made with various countries to promote Nepal's exports, and employment-related skill development should be given high priority.

While accepting the suggestion of the CNI, VC Dr. Shrestha, said that the 16th plan is intended to focus on production, productivity and employment.

"The future plan will be focused on these factors as it is possible to replace imports and increase exports only by increasing production. Effective participation of the private sector is also sought when making policies and plans, so the suggestions given by the CNI will be important in formulating the new plan," said Dr. Shrestha.

The CNI has submitted a detailed proposal of 49 pages in 14 chapters to the NPC in the format requested by the planning body.

Published in The Rising Nepal daily on 11 September 2023. 

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