Govt to nationalize non-functional privatized industries

CHITWAN, April 28: Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav has said the industries privatized by the erstwhile government, but not come into operation will be nationalized.

Speaking at a press meet organized by the Press Center Nepal, Chitwan, the Industry Minister said the government would support and promote functioning industries.

“The government is making reports of privatized industries,” he added. According to him, open market, privatization and liberalization approaches are being misused for benefits of certain people. Real meaning of these systems is yet to be properly utilized.

Stating that the government was planning to start new industries where mass people and foreigners would have an opportunity for the investment, he said and iron industry would be established in near future.

On a different note, he insisted on the need of unification between the CPN-UML and CPN (Maoist Center) to according to him address people’s mandate. RSS