8. Policy

Policy related to objective 7.1 (7.1 Increase national income and employment by increasing quality and competitive industrial production and productivity and increase national income and employment and export of industrial goods by increasing industrial productivity.)

8.1 Helping to increase the export of industrial goods, foreign exchange will be earned and balance of payments will be helped.

8.2 National and industrial to increase the competitiveness, quality and productivity of industrial goods and services. Priority will be given to the development and acquisition of new technology at the unit level.

8.3 Considering strong industrial relations as the main basis of industrial development, creating a flexible labor policy to improve the relationship between employers and workers, and to provide more employment and ensure productivity. The principle of non-remuneration for not working as specified by the labor law shall be adopted. And more facilities and concessions will be provided as an incentive to industries established in underdeveloped areas.

8.5 Research and development work will be encouraged in the field of industrial information and communication, suitable technology and biological technology, which are advancing as a new possibility in the world.

Policy related to objective 7.2 (7.2 Increasing the contribution of the industrial sector to balanced regional development by mobilizing local resources, raw materials, skills and equipment.)

8.6 Local resources And special emphasis will be given to promote industries that use raw materials, skills, labor and technology.

8.7 The industrial base will be strengthened and sustained by identifying and utilizing areas with competitive advantage and comparative advantage.

8.8 For the protection of national industries, industrial products with at least 30 percent value addition in Nepal should be produced by government and government-owned organizations.Incentives will be arranged for purchasing.

Policy related to objective 7.3 (7.3 To establish industrial business as a reliable sector of sustainable and reliable sector by using the latest technology and environment-friendly production and environment-friendly production process.)

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8.9 Technical and financial support will be provided to industries that use environment-friendly technology and energy saving through their own efforts.

8.10 Promotion of green industry and adoption of special measures to make established industries pollution-free and zero-carbon. It will be done.

Policy related to objective 7.4 (7.4 Developing the productive manpower and managerial capacity necessary for industrial development and establishing a base for investment, Nepal will be established as an attractive investment destination in the SAARC region and the world.)

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8.11 Capacity building activities for industrial skills, entrepreneurship development and efficient industrial management will be conducted as a campaign to attract talented young talent in industry to create opportunities for self-employment.

8.12 Macroeconomic Policy , revenue policy, local tax and other sectoral policies will be formulated and amended, a method that is not adverse to the industrial policy will be adopted and while protection, facilities and concessions will be provided to the industry, harmony will be maintained with the provisions of the bilateral and regional agreements.

8.13 Industrial In order to strengthen the security system, an industrial security wall will be formed and made effective.

8.14 To protect, diversify and promote foreign investment, non-resident Nepalis will be encouraged to invest in Nepal and Nepalese embassies in countries that increase foreign direct investment. And the economic diplomatic unit will be strengthened for the promotion of industrial investment in the mission.

8.15 With the participation of the private and cooperative sector, investment promotion fund, technology development fund, small household and small industry development fund, sick industry revival fund and Non-commercial and non-commercial risksAn Industrial Investment Protection Fund will be established and operated to provide compensation.

8.16 Investment Board, Single Point Service Center, Industrial Promotion Board, Industrial Area Management Authority, Industrial Manpower Development to provide protection, facilities and concessions to industry. Institutional arrangement will be made like establishment, Nepal Business Forum.

8.17 Forward and backward relationship in production process linkages) will be encouraged. ( Contract Manufacturing, Outsourcing, Contracting-out, Franchising, Ancillary / Activities such as Buy Back) will be encouraged.

Policy related to Objective 7.5 (7.5 Protection of industrial intellectual property rights.) 8.18 An effective agency will be established for the protection of intellectual property rights. 8.19 Entrepreneurs will be given special incentives to use intellectual property.