Industry Minister Bhandari pledges to promote herb industries

Kathmandu: Minister for Industry, Commerce and Supplies, Damodar Bhandari has said the government would proceeded towards the formulation of ten new laws based on the submissions of the business community.

Inaugurating the 18th AGM of Nepal Herbs and Herbal Products Association on Monday,  The Minister Bhandari pledged to introduce those laws before the Nepal Investment Summit scheduled to take place on April 28-29. He assured of further efforts from the government to promote industries based on natural resources.

According to Association Chairperson Prem Raj Tiwari, there are above 1,000 people are engaged in the herbs industries and one million Nepali are employed in such enterprises. Such industries with Rs 15 billion investment witness annual transactions of approximately Rs five billion. He urged the government to implement an investment-friendly policy targeting herb production, expansion of herb farming, herb trade fairs, technology handover, marketing, and so on.

Likewise, The Minister Bhandari wanted the government to establish an international standard lab for herb production. He has also pledged to maintain a balance in the provincial budget allocations in the upcoming fiscal year. He even vowed to address concerns that less budget is allocated to Sudurpachim (Far-west).
‘Though there are ample potentialities for achieving prosperity for the Sudurpaschim Province, it is relatively lagging behind in terms of development,” he said, urging all the stakeholders concerned to explore its causes and solutions as well’, said Minister Bhandari.

RSS