Department of Industry
Department of Industry is one of the major agencies at the Ministry of Industry which is responsible for implementation of policy, act, rules and regulations related to the industrial development, through which Government of Nepal plans to strengthened Nepalese economy. The department, as per the revised Industry Enterprise Act (IEA), 2016, administers and facilitates the Middle and Large scale industries which have fixed assets of more than 100 million Nepalese rupees. Furthermore, its scope of function also includes foreign investment and technology transfer in the industry as well as protection of industrial property.
Function, Responsibility and Authority of the Department
The major functions of the Department of Industry are as follows:
- To act in relation to industrial administration including industry registrations and provide licenses to industries requiring licensing .
- To do work related to industry promotion.
- To assist in formulation of industrial policy.
- To regulate industries.
- Certifying Value Addition in relation to Export Subsidy.
- Acting as a quasi-judicial body for industrial intellectual property.
- Provide permission for foreign investment, technology transfer; register foreign investment-based industries
- Recommend work visas for foreign investors
- Recommend facilities and concessions accorded to industries by law
- Perform administrative work related to industrial property
- Approve Initial Environmental Examination (IEE) report of the industry
- Prepare raw material consumption norms for industry
- Monitor, as and when required, environmental compliance
- Recommend Certificate of Origin for the products for preferential entry into India as per Nepal-India Trade Treaty
- Act as secretariat to Industrial and Investment Promotion Board (IIPB) and One Stop Service Center for administering facilities provided to industries by the IEA & FITTA.