Investment in innovation sector helps improve country’s economy: Minister Pun

काठमाडौं ।

Minister for Science, Technology and Innovation, Mahabir Pun, has shared that country’s economy could be improved by investing in innovation sector.

Responding to queries raised in course of discussion on Ministry of Science, Technology and Innovation under Appropriation Bill in thrusday’s meeting of the House of Representatives, Minister Pun suggested all three-tier government to allocate one per cent budget of their capital budget for science and innovation development.

He mentioned that providing means and resources along with appropriate environment for human resources having innovative idea for creative works is innovation.

Pointing out the need of cooperation and collaboration of all to make innovation effective, the Science and Technology Minister underlined, “Laws, acts and rules related to innovation should be made to start the activities related to science and innovation.”

He shared that preparation has been made to make nine regulations related to innovation based on the regulations of Science and Technology Statistics Act, Nepal Government Work Division Regulations, 2083.

The Ministry has a plan to introduce Science, technology and Innovation Act, 2083, Science Act, Atomic Energy Act, National Research and Development Act, as well as other necessary acts, he mentioned.

Minister Pun viewed that infrastructure development and formulating laws are necessary to make Ministry’s activities effective.

Expressing the view that developing country like Nepal should emphasized on innovation, he added, “Youths will get employment in the country due to this and country’s economy will grow.” RSS