INDUSTRIAL POLICY 1991 & 2011

By :Raju Lama18 Jan, 2015

INDUSTRIAL POLICY DIFINITION

UNCTAD (United Nations Conference on Trade and Development : A concerted, focused, conscious effort on the part of government to encourage and promote a specific industry or sector with an array of policy tools”.

The World Bank ConsidersIndustrial policy as “government efforts to alter industrial structure to promote productivity-based growth”

BACKGROUND OF NEPAL'S INDUSTRIAL POLICY

Industrial policy was first established in 1991 which was focused on economic development through agricultural sector.

Neighbor country has succeeded hugely in the economic sector within this tenure.

Industrial sector contribute nearly 10% in Nepal economy.

Government reviewed industrial policy in 2011 to find present relevant solution to gain overall economic and social growth.

WHAT IS IN INDUSTRIAL POLICY 2011 ?

• Review of industrial policy 1991.

• 7 Objectives and plans to meet the objectives.

• Classification of industries in Nepal.

• Special attention for development of cottage & small scale industries.

• Board members for making policy and their power

• Special provisions for women entrepreneurship.

• Classification of district according to least developed, under developed.

• Action plans are not enough to meet objective.

• Vague points.

• Not relevant to present situation.

• Lack of consultation with foreign experts.

• Vat and taxes provision not according to demand and time.

MARKET TARGETING

ANY QUESTIONS….