CIM unveils two-year strategic plan to boost industry and business sectors

KATHMANDU: Newly elected executive committee of the Chamber of Industries Morang (CIM) unveiled a two-year strategic work plan today, pledging to advance development and promotion of the industrial and business sectors.  

At an event in Biratnagar, CIM President Nanda Kishor Rathi said the plan would strengthen industries and businesses by creating an industrial ecosystem and fostering robust commercial cooperation to drive sustainable economic growth.  

He added that its priorities include policy formulation to foster an investment-friendly environment, provision of essential business-promotion services and encouragement of entrepreneurship development and innovation.  

According to CIM, upcoming advocacy will focus on building trust, ensuring predictable policymaking, simplifying procedures, securing dependable energy supply, developing infrastructure to reduce costs, improving access to finance and promoting exports. The committee also plans special initiatives on import substitution, market regulation, sound industrial labour relations and a long-term solution to the electricity-supply challenge. 

Highlighting youth migration and its economic and social impact, Rathi announced that CIM will prioritise schemes for young people, running school-to-work transition, startup and incubation programmes through the CIM Entrepreneurship Academy.  

He further outlined measures to strengthen the industrial ecosystem, promote industrialisation, develop entrepreneurship, empower policy advocacy and position CIM as a respected private-sector institution for business reform lobbying.

 Meanwhile, Koshi Province Chief Minister Hikmat Kumar Karki and Biratnagar Metropolitan City Mayor Nagesh Koirala extended their congratulations to the newly elected committee during the event.