Friday, May 12, 2017

MoI proposes 14.76b budget for the next fiscal


Kathmandu, May 11:
The Ministry of Industry (MoI) said that it has proposed Rs. 14.76 billion budget for the next fiscal year, Rs. 6.5 billion higher than the ceiling that the Ministry of Finance (MoF) had set for the former.
At a press conference organised at the ministry, joint secretary Purushottam Nepal said that it has proposed some new plans and programmes with an aim of developing the industrial sector.
"We have asked budget for the Special Economic Zones (SEZ) in Biratnagar, Gorkha and Dhangadhi, Cross-border Economic Zones at the border areas with China and India, export promotion centres at borders and international airports, and industrial tower and seismological and geological tower," he said.
Minister for Industry Nabindra Raj Joshi said that the government also wanted to establish SEZ for the production of special goods, with the investment from the private sector.
He said that priority would be given to the construction of access roads to the limestone mines to facilitate the cement industries. 
Other programmes proposed by the Ministry include mobilization of Rapid Address Team for the inspection of quality of produced goods, support to micro-entrepreneurs to upgrade them, establishment of industrial excellence centre in collaboration with the private sector, increase the export of garment to Rs. 25 billion, developing mobile apps to facilitate the businessmen and consumers, and running business incubation centres in all seven provinces.

It has also proposed to develop quake-resistant industrial smart cities in Mountain, Hills and Terai region and amusement park on the banks of Bagmati river in Kathmandu and Lalitpur. 

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