Kathmandu, April 16

Industry Minister Nabindra Raj Joshi has said that the Ministry of Industry (MoI) will prioritise employment generation as one of the major agendas of the ministry in the upcoming annual budget.

As part of an ambitious campaign initiated by MoI to create an environment where Nepali youths will not have to fly abroad seeking jobs in the next one decade, Joshi informed that MoI will include different employment-related programmes and policies in the upcoming budget. “In a bid to create more jobs in the industrial sector, MoI will focus on

programmes related to investments and infrastructural development,” Minister Joshi said.

Similarly, Joshi also vowed to encourage the use of local resources and raw materials for projects and promote small and cottage industries in the upcoming budget. “Promotion of small and cottage industries will directly help generate new job  opportunities,” he added. Moreover, Joshi informed that the government will  introduce a provision to incentivise small and cottage industries through the budget to enhance their technology and marketing tools.

As per Joshi, the new budget for fiscal year 2017-18 will also incentivise industries being run by women and youths in remote areas.