The government has initiated the process of amending the Industrial Law, a move it hopes will spur industrialization and revive the ailing industries in the country, Minister for Industry Asthalaxmi Shakya said Saturday.
"Once we settle the existing issues relating to workers' rights, we will make the necessary amendments to the Industrial Law to bring the sick industries across the country back into operations," said Shakya at the 28th Annual General meeting of Rupandehi Industry Association.
Shakya said that while reviving the sick industries, government would be involving private companies to give new structure and management to them.
"For this we will make the changes in the present policies and regulations in coordination with other concerned ministries," said Shakya, who is on a two-day inspection visit of different ailing industries in Rupandehi district.
She also assured of making attempt for the resumption of the operation of Butwal Thread Factory with new management team soon. The factory has remained closed for the last seven months due to problems in its management. Around four hundred workers were employed by the factory, before it was closed.
Meanwhile, local business people asked the minister Shakya to make efforts to regularise electricity supply, establish a new industrial estate in the district, put an end to scrap taxes and medicinal herb tax, and reduce the customs rate for raw materials.
Source:
Ekantipur
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Tuesday, October 7, 2008
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