The Industrial Policy 2011 (2067) of Nepal was formulated to create a favorable environment for industrial development, promote private sector investment, and enhance the competitiveness of Nepali industries.
Thank you for reading this post, don't forget to subscribe!- It focuses on transforming Nepal into a self-reliant, export-oriented, and employment-generating economy through sustainable industrial growth.
- This policy replaced the Industrial Policy of 1992 to address emerging global and domestic economic challenges.
Vision:
The vision of the Industrial Policy 2011 is to develop a competitive, employment-oriented, and export-driven industrial economy that contributes significantly to national economic growth and poverty reduction.
Main Objectives:
The Industrial Policy 2011 has the following major objectives:
- Encourage both domestic and foreign investment by creating a conducive industrial climate.
- Enhance Employment Opportunities through the establishment and expansion of industries across the country.
- Improve productivity and quality of industrial products to compete in national and international markets.
- Promote Export-Oriented Industries
- Encourage Technology Transfer and Innovation
- Encourage the establishment of industries in rural and underdeveloped areas to reduce regional disparities and promote inclusive growth.
- Ensure industrial growth is environmentally responsible and aligned with principles of sustainable development.
- Strengthen cooperation between the government and private sector for industrial promotion and infrastructure development.