Nepal | July 10, 2020

‘State-owned industries need restructuring’

Himalayan News Service
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Locals welcoming Minister for Industry, Commence and Supplies Matrika Yadav in Mirchaiya, Siraha, on Wednesday, February 28, 2018. Photo: THT

Siraha, February 28

Minister of Industry, Commerce and Supply Matrika Prasad Yadav today underscored the need to restructure state-owned industries as they were operating under influence of a handful of political leaders, employees and their coteries.

Speaking at a function organised to felicitate Minister Yadav and exchange greetings on the occasion of Holi festival in Mirchaiya of Siraha today, he said state-run industries were confined to providing salary and other incentives to a limited number of staffers besides fulfilling the vested interests of some political leaders. “Hence, such industries must be restructured,” said Yadav.

He said those industries needed to boost their performance to meet expectations of the country and people. He also stressed developing raw materials for these industries inside the country for their sustainability. “There are abundant prospects of prosperity in the country through utilisation of mines and resources. However, the country has not been able to achieve much due to the lack of exploration of iron, copper mines and development of the agriculture sector,” argued minister Yadav.

Minister Yadav stressed the need of joint efforts of all the people to prepare a strong ground for an economy based on socialism. “If we want the country’s prosperity, everyone’s cooperation and contribution is a must. Farmers, entrepreneurs, industrialists, social activists, among others, must work together,” he said.


A version of this article appears in print on March 01, 2018 of The Himalayan Times.

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