:- To increase the national productivity and employment opportunities by making the industrial environment of the country convenient and investment friendly, by making maximum use of the natural, physical and human resources available in the country, emphasizing on import substitution and export promotion, industrial business to build a strong, dynamic, competitive and production-oriented economy through industrial development. Since it is desirable to amend and unify the existing laws, the Legislature-Parliament has made this Act according to Article 296 of the Constitution of Nepal.