Minister blames politics for ruining industrial environment

Minister blames politics for ruining industrial environment

Politics has ruined the industrial environment, blamed industry minister Shankar Prasad Koirala addressing the golden jubilee of the Hetauda Industrial Area's management office, in Hetauda today. Despite the transition, the incumbent government has brought the economy on track and created investment-friendly environment, he said, adding that promoting industrial development would only reverse the import-based economic trend. "Only the investment friendly environment could ensure economic growth and development." In the last one decade, the new industries could not be established due to political bickering in the name of labour unions that have forced industries to close. "However, after the second Constituent Assembly (CA) election, the prolonged political transition will come to an end that would pave the way for economic development." The government has decided to establish Special Economic Zones (SEZs) in Biratnagar, Simara, Panchkhal and Bhairahawa, Koirala added. "Even the UCPN-Maoists former cantonment is being turned into an industrial area." The reform could be reflected only after the better management of physical infrastructure and human resources, said trade secretary Krishna Gyawali, on the occasion. "The human resource management is key as it depends on industrial governance."
All Rights reserved © 2013 - Designed & Developed by InDesign Media