Sunday, October 14, 2018

Cabinet agrees to form IEDI in all provinces

The government is setting up an Industrial Enterprise Development Institute (IEDI) in each of the seven provinces.
The cabinet meeting today approved the proposal of Ministry of Industry, Commerce and Supplies (MoICS) to establish such institute in all provinces, according to industry minister Matrika Prasad Yadav. "The IEDI is aimed at strengthening the industrial and entrepreneurship sector," he added.
The government had established IEDI – under the Industry Ministry – in 1996, under the Industrial Enterprise Development Institute Act 1996, to develop human and knowledge resources for entrepreneurship and business promotion in Nepal.
The Industrial Enterprise Development Institute Board, chaired by industry minister Yadav, has proposed to expand IEDIs to the provincial level to promote business in the country through entrepreneurship development.
Since its inception, IEDI has been engaged in running various impact-generating quality tools including training, research, consultancy, enterprise education and management development programmes. The institute is also running various short-term and long-term training programmes targeting intermediary organisations as well as potential and existing entrepreneurs.
"Formation of such institutes in all provinces will help entrepreneurship to grow across the country and promote business,” industry secretary Yam Kumari Khatiwada said, adding that IEDI already has its local offices in Provinces 1, 3, 4 and 5, which will now be handed over to the provincial governments.
She also informed that the cabinet has also decided to keep Special Economic Zone (SEZ) Authority at the central level only.

No comments: