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 Kathmandu Tuesday July 24, 2001 Shrawan 09,  2058.


‘Industrial Development Plan Vision’ approved

Post Report

KATHMANDU, July 23 - In the first step towards realising the government’s former budgetary plan to formulate a 20-year long Industrial Perspective Plan (IPP), Ministry of Industry, Commerce and Supplies last Thursday approved a project titled "Industrial Development Perspective Plan Vision - 2020 (IDPP:2020)."

The formulation of the project is a step ahead for the much-talked IPP, which will evolve the long term strategies, plans, policies and programs aimed at the overall industrial growth. The steering committee of the project even held its first meeting the same day.

The project will fomulate the 20-year IPP by taking inputs from the related ministries, the National Planning Commission and the private sector - especially the Federaiton of Nepalese Chambers of Commerce and Industry and Nepalese Federation of Small and Cottage Industries. The IPP would aims to lift the contribution of the industrial sector to the GDP to 20 per cent from the current 10 per cent.

The necessary technical and financial help for the formulation of the IPP would be provided by United Nations Industrial Development Organization (UNIDO). Chief Technical Advisor of UNIDO, Peter Dedvalk is presently in the Capital to select the required national advisors.

National Program Manager of the project and joint secretary at the Ministry of Industry, Commerce and Supplies, Govinda Prasad Kusum informed The Kathmandu Post that a preliminary draft of the IPP would be prepared within the next six months. He said that Peter Dedvalk would visit Kathmandu thrice during the period to aid the formulation of the IPP draft.

According to officials, IDPP:2020 will formulate a comprehensive and long term vision, mission, strategic plan and programs for the overall industrial sector.In addition, it will also identify and arrange the institutional capabilities for strengthening the catalytic role of the government so that the private sector will be able to perform in an efficient manner.

Furthermore, the thrust of the IDPP:2020, while formulating the IPP draft, will be on increasing the employment opportunities so as to contribute to poverty alleviation and empowerment of women through entrepreneurship development.

The IPP, once formulated, would aim at sustainable industrial development by ensuring policy consistency in terms of mobilizing resources and assigning active role to the private sector with the enhancement of its competitive strength.

Furthermore, the IPP with its new vision would also take up the challenge posed by the World Trade Organization (WTO) by upgrading its efficiency, competitiveness, qualitative strength and comparative advantage of the Nepali industrial sector, officials said.


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