Industry Minister : Entrepreneurship is in State’s priority

Kathmandu: Minister for Industry, Commerce, and Supplies, Damodar Bhandari, has said the State has kept the policy of providing subsidies for entrepreneurship as a priority.

Minister Bhandari made those statements while inaugurating the Fortune Resort and Wellness Spa amidst a program on Tuesday. The resort and spa are constructed by the ICT Group of India. It is located on the premises of the 143-foot-tall statue of Kailashnath Mahadev at Suryabinayak municipality-10, bordering with Kavrepalanchok district.

On the occasion, the Industry Minister said that the government will provide subsidies and concessions to industry-oriented entrepreneurship based on production. ‘Development of industries, promotion of mines and mineral industries, entrepreneurship and small and medium enterprises is the need of time. Let us stress entrepreneurship development including agriculture produce sectors as well. Let us identify the production areas. The government provides subsidies and concessions on this based on production,’ said Minister Bhandari.

Minister Bhandari also argued that entrepreneurship development increased the employment opportunities, stressing on attracting more foreign investment in the industry and tourism sectors. ‘Construction of private hotels and resorts will contribute to expanding the tourism destinations,’ said Minister Bhandari. He also stressed on the need of formation of national capital through the development of entrepreneurship.

RSS