Nepal | June 04, 2020

Govt to adopt policy promoting domestic production: FinMin

Himalayan News Service
Share Now:

Kathmandu, September 19

Finance Minister Yubaraj Khatiwada today said that the government will adopt a policy to encourage domestic production of goods over imports and encouraged businesses to engage in manufacturing of goods over importing them.

Inaugurating the Yarn and Textile Expo 2019, organised by the Nepal Yarn Producers Association here today, Finance Minister Khatiwada said that boosting
domestic production and promoting them in both domestic and international markets is the need of the hour and to enhance country’s economy.

“The government will support domestic production by any means, including incentives and other tax facilities for domestic goods. However, the businesses should stop seeking facilities from the government in imported goods,” he said.

Similarly, Minister Khatiwada also informed that the government is committed to promote the use of domestic goods in all public offices of the government.
The five-day event is being organised to promote domestically produced yarn and textiles.

Producers are showcasing yarn, textile and garment products produced in the country using domestic raw materials at the exhibition that is being held at Bhrikutimandap.


A version of this article appears in print on September 20, 2019 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Traders defy lockdown as patience runs thin in Nepal

Durbar Marg shops to open from today Other traders, businesses also defiant KATHMANDU, JUNE 3 With no end in sight to the nationwide lockdown imposed on March 24 that has effectively halted all economic activities for the past two-and-a-half months, traders, firms and industries have be Read More...

Mahakali Hospital isolation ward filled with COVID-19 patients

KANCHANPUR: At least fifteen COVID-19 patients have been admitted to the isolation ward of Mahakali Hospital in Bhimdattanagar Municipality, Kanchanpur district. The isolation ward has a capacity of 20 beds. The hospital has started treatment of COVID-19 since Tuesday. Seven persons — reside Read More...

The office of the prime minister and council of ministers, OPMCM

Evacuation of Nepalis likely to begin Friday

KATHMANDU, JUNE 3 After the plan to evacuate stranded Nepali citizens from several countries was approved by the Cabinet a few days ago, the government is gearing up to bring them home on priority basis from Friday. Narayan Bidari, secretary at the Office of the Prime Minister and Council of M Read More...

Home isolation for asymptomatic, mild Covid cases

KATHMANDU, JUNE 3 The Ministry of Health and Population has directed hospitals to send home patients infected with the novel coronavirus who show mild or no symptom of the disease so that hospitals can treat severe cases of COVID-19. Hospitals treating COVID-19 patients have also been told to Read More...

Nepal govt may declare state of public health emergency as coronavirus cases rise steadily

KATHMANDU: The Ministry of Health and Population is mulling over proposing to the Council of Ministers to declare state of public health emergency in the country following a surge in the number of COVID-19 cases in the country. Section 48 (2) of the Public Health Service Act states that if public Read More...

COVID-19 curve flattening in Narainapur

NEPALGUNJ, JUNE 3 The COVID-19 spread seems to have come under control in Narainapur Rural Municipality, Banke, which had emerged as a coronavirus hotspot after a number of people tested positive for the virus here earlier. According to the district’s corona focal person Naresh Shrestha, it Read More...

Frontline workers to get hazard allowance

KATHMANDU, JUNE 3 The Government of Nepal has published ‘Hazard Allowance Management Order for Human Resources Involved in the Treatment of COVID-19 Infection’ in Nepal Gazette for its implementation. The order aims to provide hazard allowance to the human resources involved in the identif Read More...

Kathmandu Medical College sealed

KATHMANDU, JUNE 3 Kathmandu Medical College Teaching Hospital in Sinamangal has been shut for an indefinite period after two of its health workers contracted COVID-19. The hospital’s Medical Director Dr Mukunda Raj Joshi issuing a notice today, informed that the hospital would be closed for Read More...