Industrial sector a development pillar: PM Deuba


November 25, 2021


Industrial sector a development pillar: PM Deuba

Prime Minister Sher Bahadur Deuba. (File Photo)

KATHMANDU: Prime Minister Sher Bahadur Deuba has extended best wishes to all industrialists, entrepreneurs, workers, and others related to industrial sectors on the occasion of the 7th National Industry Day today.

The Industry Day is being observed today focusing on national production and entrepreneurship for sustainable industrial recovery.

In the best wishes message, PM Deuba praised the contribution the industrial sector made to the country’s prosperity. He urged all concerned to boost their roles for economic development.

PM Deuba, who is also looking after the Ministry of Industry, Commerce and Supply, argued industrial sector is the pillar of development. Promotion of entrepreneurship and increase in industrial products is present need to recover the industry and economy which suffered much due to COVID-19, Deuba underscored.

The industrial sector accounts for some 12.8 percent of GDP while the production-based industry has a 5.08 percent role in it. The industrial sector is for the creation of employment and economic development. “Government is committed to creating employments and make economy self-sufficient via speedy industrial development,” PM Deuba mentioned in the message of best wishes.

“The partnership between the public, private and cooperatives pave way for broad-based industrial development so that national economy could be propped up,” he viewed, adding, “Speedy economic development at immediate neighbors, availability of hydro energy, investment-friendly law, and infrastructures, commitments of NRNA and foreign investors could be utilized as an opportunity to intensify the industrial development,” PM stressed in the message