KATHMANDU: Prime Minister KP Oli has said that the government was always ready to support the private sector for import substitution and promoting export.

Stating that a policy has been adopted for forging partnership with the private sector for industrial progress, PM Oli said the government will facilitate in formulating the necessary acts, laws and rules, and in constructing physical infrastructure for the country’s economic development.

Inaugurating the 16th annual general meeting of the Confederation of Nepalese Industries (CNI) in the capital today, Prime Minister Oli said that the investors have been encouraged to invest in industrial sector in a transparent way.

He also said it is high time that fake transaction, sale of fake VAT bill and non-transparent activities are discouraged. Prime Minister Oli maintained that the government was equally determined to encourage and protect domestic industries while urging the business communities not to carry out illegal activities.

The Prime Minister also expressed commitment to support the private sector in all sectors, including the technology, and raw materials.