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Small industrialists and businessmen also increased in going abroad for employment: CNI President Agarwal

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Rajesh Aggarwal, President of the Confederation of Nepal Industry (CNI), has said that the country's small businessmen have also been added to the statistics of foreign employment. In the first session of 'Kantipur Economic Summit 2024' organized by Kantipur Media Group, 'Private Sector Issues in the Budget, Plans of Policy Makers', the President of the Confederation, Agarwal, said that industrialists and businessmen are in a dilemma whether to operate business or close down.

Small industrialists and businessmen also increased in going abroad for employment: CNI President Agarwal

"In the past, young people used to go abroad for higher education, they used to go for employment," he said, "in the current situation, the number of people going abroad and the increase in remittances have also increased the number of small businessmen in foreign employment." He says that it happened.

Lack of demand, inability to pay bank loans and lack of additional employment in the country, he made it clear that small businessmen have found no other way than to go abroad. He also argues that it is the result of the narrow policy adopted for the past three years. He informed that every sector of the country has been operating at 30 to 40 percent capacity for the past two years.

He said that while the small industrialists are forced to go abroad, the external sector has increased and the remittances have increased. Agarwal, president of the Confederation, said that industrial development strategy is necessary in the country. "Industrial development strategy is necessary for the government to increase the production of goods and to compete, policy incentives, etc., to identify the goods," he said, "at the present time, whatever policy is right, the businessmen will run the industry related to it, next year the policy will change." The industry has problems.

In addition, he said that a stable policy is needed to replace imports and move the country from an import-oriented to a production-oriented one.

प्रकाशित : वैशाख ३०, २०८१ १४:३४
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