March 9: Prime Minister KP Sharma Oli on Monday (March 8) inaugurated the 'Make in Nepal-Swadeshi' campaign initiated by the Confederation of Nepalese Industries (CNI) to promote domestic production in the capital.
During the inauguration, Prime Minister Oli reportedly said that the private sector should increase investment to contribute to industrial and economic development of the country.
"The industrialization should be taken ahead by linking it with agro production," the state-owned national news agency RSS quoted the prime minister as saying.
Nepal should now become a producer and exporter country, RSS quoted the prime minister who also pledged policy-level support to make the Make in Nepal campaign successful. According to RSS, Prime Minister Oli emphasized on the need to increase the quality of Nepali products while enhancing the country’s industrial capacity.
The importance of domestic production is associated with the 'Prosperous Nepal Happy Nepalis' national resolve of the present government.
At the programme, Minister for Industry, Commerce and Supplies Lekhraj Bhatta said the government was working in collaboration with the private sector, and was ready to address any problem.
President of CNI Satish Kumar More said the CNI was working to promote investment and industrialization to create employment and make the country prosperous, and the new campaign was a step towards that end, RSS further reported.
Under the campaign, CNI targets to establish more than one thousand industries in a year and help reach the contribution of industry to Nepal's GDP to 26 per cent by 2030. Another target is to make export worth Rs 5 billion in the next five years.