INDUSTRIAL POLICY 1991 & 2011
18 Jan, 2015
INDUSTRIAL POLICY DIFINITION
UNCTAD (United Nations Conference on Trade and
Development : A concerted, focused, conscious effort
on the part of government to encourage and promote
a specific industry or sector with an array of policy
The World Bank Considers
Industrial policy as “government efforts to alter
industrial structure to promote productivity-based
BACKGROUND OF NEPAL'S INDUSTRIAL POLICY
Industrial policy was first established in 1991 which was
focused on economic development through agricultural
Neighbor country has succeeded hugely in the economic
sector within this tenure.
Industrial sector contribute nearly 10% in Nepal economy.
Government reviewed industrial policy in 2011 to find
present relevant solution to gain overall economic and
WHAT IS IN INDUSTRIAL POLICY 2011 ?
• Review of industrial policy 1991.
• 7 Objectives and plans to meet the objectives.
• Classification of industries in Nepal.
• Special attention for development of cottage &
small scale industries.
• Board members for making policy and their
• Special provisions for women entrepreneurship.
• Classification of district according to least
developed, under developed.
• Action plans are not enough to meet objective.
• Vague points.
• Not relevant to present situation.
• Lack of consultation with foreign experts.
• Vat and taxes provision not according to
demand and time.