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PrintSecretary at the Ministry of Commerce and Supplies Purushottam Ojha has proposed giving tax exemption to boost Nepal's export and increase the sector's competitive advantage, local media reported on Saturday.
According to Saturday's The Himalayan Times daily, presenting a paper during the National Development Forum consultation meeting here on Friday, Ojha also stressed on establishment of export-oriented policies for a prosperous Nepal. "We have to focus on two aspects -- import substitution and export promotion -- to end hunger, deprivation and poverty."
On the occasion, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Kush Kumar Joshi requested the government to provide security to entrepreneurs and create a business friendly environment.
"The private alone cannot be blamed. How can we contribute more in times of energy crisis, insecurity and instability?" he said.
FNCCI along with Nepal Chambers of Commerce and Confederation of Nepalese Industries also asked the government to bring clear a policy about the private sector and the public-private partnership.
Meanwhile, donor communities also put their demands for security and energy. "Without electricity, no industrial revolution is possible," said a Finnish representative. The representative advised focusing on agro-based industries.
Nepal has vast markets for its agricultural products in neighboring India and China. "Nepal should focus on agro-based industries because of its geo-physical situation," said the representative. –Xinhua
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