NCC demands to open export house in all provinces

By A Staff Reporter,Kathmandu, Apr. 7: Nepal Chamber of Commerce (NCC) has submitted a 17-point suggestion to increase industrial production, promote exports and forward various economic bills.

A delegation of the NCC Wednesday met with the newly appointed Minister of Industry, Commerce and Supplies Ramesh Rijal and requested to bring concrete policies and plans related to export promotion.

The NCC said, "For export promotion, export industries should be encouraged by implementing the concept of export house in all seven provinces without delay."

The delegation led by NCC president Rajendra Malla requested to adopt a policy of providing subsidies to export businesses based on value addition.

He emphasised that such export subsidies should be provided to the exporters in a simple and convenient manner under a single window system.

Similarly, Malla urged Minister Rijal to formulate a policy to encourage the investment of remittance in the manufacturing industries.

He said that the investment of the youth should be encouraged with an effective policy in the production sector as a huge portion of remittance is used in consumption.

He said, "The country is dependent on remittances. A large part of the money sent by the youth has been spent on consumption. More than Rs. 1,000 billion annual remittances could not be utilised in industrial production even within the country."

According to him, exports can be promoted if they created an investment-friendly environment in industries by formulating clear policies and acts. 

Similarly, some provisions of the Black Market Act 2032 BS are also irrelevant in the current situation, he emphasised on the need for timely reform. President Malla asked Minister Rijal to create an environment for timely passage of the economic and other bills related to the private sector under consideration in the parliament.

After the meeting with the NCC team, Minister Rijal said that improving the industrial policy was the priority of the government.

He said that he was ready to work together with the private sector and that he was in favour of an open market economy.

He said, "I am a person who believes in a market-based economy. The government will not do the work of opening industries and doing business. It will create a suitable environment for the private sector."'

Minister Rijal said that the policy of promoting exports by expanding industrial capacity was also mentioned in the common minimum programme of the government.