Development of small industries reflects the business friendly
environment in the country, according to the chairman of Council of Ministers
Khil Raj Regmi.
Inaugurating
the 12th National Industrial Trade Fair and Cottage Industry Festival and
Renewable Energy Week-2014, here today, he said industrial development plays a
crucial role to overall development of a country. "However, economic
development eluded Nepal unlike political development," Regmi said, adding
that the pace of economic development depends on industrial development. "Political
progress and economic development should go hand-in-hand."
Likewise,
renewal energy is key to development of small and cottage industries and it has
to be developed side-by-side, he added. "The elected government is going
to take charge of the country and it should focus on economic
development."
Similarly, finance
minister Shankar Prasad Koirala, on the occasion, said the development of small
and cottage industries has no option. "The government is ready to help
industrial sector," he said, adding that the rules and regulations would
also be amended, if need be. "The government is also ready to work with
the private sector for the industrial development."
However, the
Nepali products lack effective promotion, he added.
Lack of
energy has made it difficult to operate industries, Koirala said, adding that
the private sector is suffering from the power shortage.
Calling for
the active participation of private sector, energy minister Umakanta Jha, on
the occasion, accepted the government's inability to provide adequate electricity
to the private sector. "We have to look for alternative and renewal energy
– except hydropower – as energy is key to development."
The five-day expo of the
domestic products is jointly organised by the Federation of Nepal Cottage and
Small Industries and Alternative Energy Promotion Centre from February 6-10. The
five-day expo is showcasing herbal products, ceramic products, stone craft,
wooden craft, leather and footwear products, agriculture products, and products
related to solar energy and bio gas, and many more. 
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