FNCCI recommends Industry Ministry to focus on exports

According to the Department of Customs, the country’s exports have increased by 115% in the first month of the current fiscal year. In the first month of the current fiscal the country exported goods worth over Rs 20.76 billion in comparison to exports worth Rs 9.62 billion in the same month of last fiscal. The Federation of Nepalese Chambers of Commerce and Industry has urged the Ministry of Industry, Commerce and Supplies to give continuity to this rise in exports and further improve the figures. FNCCI has urged the ministry to identify more products that have export potential and promote them in the international market. It has also sought the establishment of an internationally accredited laboratory. The Federation has also mentioned that since small and medium scale industries are facing a tough time in competing in the global market such enterprises should be provided export subsidy.