Kathmandu, Sept. 15: The Nepal Yarn and Textile Expo-2017 has kicked off at Bhrikutimandap in Kathmandu from today.
Secretary at the Ministry of Industry, Shankar Prasad Koirala, inaugurated the Expo organized by the Nepal Yarn Producers Association to promote the locally produced textiles and yarns.
Secretary Koirala said that the Ministry was ever ready to collaborate with concerned bodies for the promotion of industries in the country. He also shared that the Ministry would consider amendments the old acts related to industry.
Federation of Nepalese Commerce of Chamber and Industry (FNCCI) Senior Vice-President Shekhar Golchha lashed out at the government, stating that it was only focused on revenue collection rather than promotion of industries.
Stating that the private sector had once owned 15 per cent share in the country's GDP and now it's reduced to 5, senior Vice-President Golchha underscored the need for the government to help secure investment on domestic industries.
Association's Chairperson Pawan Golyan shared that earlier there were six big textile industries in the countries with around Rs 10 billion investment and now they are reduced to four.
According to him, these four industries have generated employments to more than 50,000 people among them majority are women.
There are altogether 55 stalls displaying locally produced textiles and garments. The Expo will run through 19 September. RSS
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