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Fri, November 15, 2024

Govt policy positive in making footwear sector self-reliant: FMAN

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KATHMANDU: Footwear Manufacturer's Association of Nepal has welcomed the government policy to make the country self-sufficient in the footwear sector. Issuing a press statement, the association's chairperson, Naniraj Ghimire, hailed the government policy reflected in the budget for the fiscal year 2022/23 in discouraging import and promoting domestic production, marketing and use. "The campaigns, such as 'Made in Nepal, Make in Nepal', in collaboration with the private sector for export promotion has been well-reflected in the budget", he said, adding the campaigns along with policy measures to make footwear sector self-reliant have added motivation to the entrepreneurs of this sector. Among others, subsidy to the export of domestic footwear production, special concession on the bank loan for footwear enterprises and budget appropriation for basic training for advancing employment opportunities are positively reflected in the annual budget, the press release stated. READ ALSO: 
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October 2024

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