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Government committed to protect industries: PM



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By A Staff Reporter
Kathmandu, June 23: Prime Minister KP Sharma Oli on Monday reiterated the foremost priority of the government was to save the people’s life.
During a meeting with the officials of the Confederation of Nepalese Industries (CNI) held at the PM’s residence Baluwatar, PM Oli said the government was also fulfilling all its duties like protecting freedom, property and industries.
He said the advancement and industrialisation were today’s requirement to address the demands put forth by the private sectors.
Commenting suggestions forwarded by the CNI members to mobilise the idle capital of informal sector, PM Oli said the government would encourage cheque transaction and would discourage unlawful earning.
He further asked the CNI to provide details of the clauses of the proposed Commission for the Investigation of Abuse of Authority (CIAA) third amendment Bill, 2076 B.S, which the CNI members argued would be a barrier for the industrialists and entrepreneurs to run their industries.
“If any clause of the proposed bill can create obstacles to the private sectors, the issue can be resolved through deliberation,” he said.
PM Oli further called for the participation of the private sectors to run and manage the sick industries in a joint collaboration of the government and private sector.
“The government will be ready to collaborate with the private sectors if there is a clear vision to expand employment sectors for those migrant workers who have returned home due to COVID-19 crisis,” he said.
During the meeting, chair of the CNI Satish Kumar More briefed PM Oli about the underlying crisis faced by the Nepali industries and its solutions.
Because the industries had been facing a hard time to operate due to the ongoing lockdown, this would cause a huge loss in the national economy, he said.
He urged PM Oli to introduce strategic provision to protect the industries from the adverse impact of COVID-19 crisis and to revive the national economy.
At the meeting, the members of CNI has asked PM Oli to reduce the percentage of interests and for the restructuring all loans.
They have also demanded withdrawal of the CIAA third amendment bill stating that the bill has some provisions which would discourage the private sectors to operate their industries.