Home National Non-Operational Industries Would Be Scrapped: Minister Basnet

Non-Operational Industries Would Be Scrapped: Minister Basnet

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Butwal, October 11:  Minister for Industry Mahesh Basnet has said that the non-operational industries would be scrapped.

Minister Basnet said two international industries related to mines are on the process of nullification as these were nonoperational since long. The nullification process has been begun from international companies and such nonoperational national companies would also be scrapped.

Addressing the 35th annual general meeting of the Rupandehi Industry Association, Butwal today, Minister Basnet said he was committed to solving the problems of industrialists.

He further said that the energy related companies which have been permitted should start their works soon as the country has adequate possibilities in industrial development and the government is creating appropriate environment for the purpose.

Energy crisis is the first problem of industrial development and to end this problem, the government has done power trade agreement (PTA) and it would help solving the energy crisis in the future, he hoped.

The trade deficit could be lessened through industrial development and it could replace the import by exporting the domestic products, Minister Basnet argued.

Similarly, Secretary at the Ministry of Industry Uttar Kumar Bhattarai presented the statistics that the country faced the trade deficit by 32.1 percent of the gross domestic product (GDP) and the government is implementing a domestic production promoting strategy to reduce the trade deficit.

Secretary Bhattarai further said that the government was preparing to run special economic zone (SEZ) and the export related industries would be benefitted from the SEZ.

On the occasion, industrialists urged the government to create industry and trade-friendly environment

Addressing the programme chairman at the association Bonin Piya urged the government to resolve the energy crisis as it has badly affected the industry sectors.

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