5. Need for a new policy

Important factors hindering the pace of industrial development in the country are the state of peace and security in the country, government policies, rules, procedures and styles, availability of markets, nature of competition, financial management, labor-management relations and labor productivity. , the state of industrial infrastructure development, the availability of necessary business skills and skilled workforce, the use of the latest technology, the respect and protection of the latest inventions and discoveries, the storage and availability of raw and auxiliary raw materials, the identification of areas of comparative advantage and the adoption of industrial policy and trade policy accordingly. , the effects of foreign countries' trade policies, etc., and it has become necessary to prepare a credible industrial investment-friendly environment with realistic and practical strategic plans and programs through intensive study and research. Considering the political changes in the country as well as the opportunities and challenges created by economic liberalization and globalization, In 2049, industrial policy and foreign investment and one-door policy were issued. Although the Industrial Policy, 2049 has helped to develop the foundations to encourage the growth of industrial products and services in the country, it has not achieved the expected success in the fields of employment, production, export promotion and investment.

Changes seen in the economic sector, information In order to make proper use of the opportunities arising in the industrial sector from topics such as the revolution in the field of technology, Nepal's entry into multilateral, regional and bilateral treaty organizations, it is necessary to organize the increasing role of service industries in the economy and to include the issues that could not be covered in the past policy efforts, and to bring about the implementation of a liberal and broad industrial policy. . In view of the facilities and concessions provided for the promotion of industry in the areas of the bordering neighboring countries of Nepal, to increase the competitiveness, the industrialization of the countrySince it is an important driver of economic development, in addition to increasing industrial activity, an industrial policy with new thinking, strategy, goals and objectives and implementation capacity has become necessary to involve the private sector in building technological, material and human resource related infrastructures that will help in industrial development. This policy has been formulated to accelerate the pace of industrialization by including the diversity in the service industry and the opportunities created by it. In this policy, special policy arrangements have also been made for the promotion of small enterprises, domestic and small industries. Similarly, special arrangements have been made for women entrepreneurs. In addition, it is necessary to maintain the supremacy of the industrial policy for industrial promotion and development, and to ensure that there is no restriction on the facilities, concessions and promotional arrangements provided by the policy, and that there is no unnecessary interference with other policy and legal arrangements.