Private sector's cooperation needed to solve economic problems: Minister Rijal

Published On: April 4, 2023 09:20 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 4: Minister for Industry, Commerce and Supply, Ramesh Rijal, has said cooperation from the private sector was essential to solve the problems relating to the national economy.

Minister Rijal said it during a meeting with the office bearers of the Confederation of Nepalese Industries (CNI) on Monday. "I stand with the private sector. I commit to address the problems facing private sectors," he vowed, adding that private sectors should be encouraged to make the country prosperous.

 On the occasion CNI Chairman Bishnu Kumar Agrawal urged Minister Rijal to boost the industrialists' morale. The industrialists' morale was down with lack of investment worthy capital, high interest rate, and contraction on demand, he said, expressing worry that contribution of productive industry was declining to GDP.

The CNI further stressed that only industrialization could help achieve sustainable development and create adequate employment. The industries that help to reduce imports must be prioritized, it argued.

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