Govt to set up business incubators to gear up SMEs
Wednesday, May 4, 2005
Vice-chairman of the National Planning Commission (NPC) Dr. Shankar Sharma Tuesday said that the government was planning to allocate budget for the development of business incubation in order to gear up developmental and business activities.
?The government has taken business incubation as a positive initiative, as world experiences have shown, it ensures over 80 per cent success of small and medium size enterprises (SMEs),? Dr. Sharma said while addressing a workshop of stakeholders on ?Environment and Need for Business Incubator? in Nepal here today.
He said that although the country?s economic condition was passing through difficult times due to the conflict and political instability, it was necessary to establish incubator centres because they help generate employment and reduce poverty.
The Business Incubator Initiative in Nepal (BIIN), a project under the IT Professional Forum today released a pre-feasibility study report on ?Environment and Need Assessment Study?.
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Source: The Rising Nepal