President of NADA Automobiles Association of Nepal Karan Chaudhary has said that the uninterrupted entry of Indian cargo vehicles into Nepal is having a great impact on the business of Nepal's cargo vehicles. On Monday, meeting Industry, Commerce and Supply Minister Damodar Bhandari, the Chowdhury-led team complained that the government's view of industry is still not positive.
President Choudhary said that there should be an environment in the country where Nepali products can get a market, and he opined that this should be stopped as preparations are being brought and sold in Nepal in the name of Luvricantus industry.
President Chowdhury says that even though tire industries are opened in Nepal, there is no standard arrangement for that, it is possible to bring external investment in boot model in Nepal. He also requested the government to create an environment for the industrialists of the country to earn money by doing industrial business in their own country and also submitted 6 points written suggestions of NADA .
NADA Vice President Rajanbabu Shrestha requested for the passage of the Act as soon as possible as the vehicle importers are facing a big problem as the agency registration act has not yet been passed. NADA General Secretary Surendra Kumar Upreti also informed about the condition of the factory industries in Nepal and said that the currently closed Gorakhkali rubber industry can be transferred from its current location to a suitable location and that location can be used as SEZ.
Industry Minister Bhandari complained that questions are being raised in the parliament about the status of Nepal's industry business and said that the government is adopting an open market economy policy. Stating that profits can be made up to 700 percent in the open market economy, Industries Minister Bhandari requested to send NADA's suggestions to the Revenue Consultative Committee. Regarding the fact that the new law on agency registration has not yet been passed, he said that the law will be passed soon after receiving information from the relevant ministry.
