2 Past Efforts

In order to achieve the objectives reflected in the Industrial Policy, 2049, it is necessary to first transform the economy that is highly dependent on the agricultural sector into an industrial economy, so government activities related to industrial development are focused in that direction. Tried to do it. The Industrial Business Act, 2049, which was issued as per the guidelines of the Industrial Policy, 2049, prioritized and classified the industries in order to advance the industrial development with high priority, and provided more exemptions and concessions such as Income Tax, Income Tax and Excise etc. The legal basis was prepared. However, due to various reasons, the facilities and concessions provided by the Industrial Business Act, 2049 could not be continued and those facilities and concessions were repealed in the said Act. The first amendment passed in 2054, the Income Tax Act, 2058 and the Economic Acts which became annual were reduced and repealed. However, efforts to make industries competitive by providing other necessary institutional and basic infrastructure services for industrial development continued. . According to this, the National Productivity Council was formed towards the institutional arrangement, while the concept of special economic zone was advanced towards industrial infrastructure development. In this regard, the previous provision of mandatory license acquisition for the establishment and operation of business and industry was repealed, and a provision was made that there is no need to obtain permission to operate other industries except for certain industries (which have a negative impact on the environment and public health and related to the production of arms). It was expected that this arrangement would create a comfortable and competitive environment for establishing and operating industries and increase industrial productivity and employment opportunities. In order to provide more support to industrial development, during this period, increasing the efficiency of workers, improving management skills, encouraging the latest technology, increasing sectoral investment,Various efforts have also been made such as making arrangements for the revival of the industry, institutional arrangements for providing training to promote entrepreneurship, and making necessary institutional arrangements to provide the services and facilities provided to industries from one place without any hassle.