Nepal Infrastructure 
KATHMANDU: Amidst persistent sluggishness in the economy, targets regarding employment generation set by major political parties seem almost impossible.
The mainstream parties, the CPN- Unified Marxist–Leninist (UML), the Nepali Congress, and the CPN (Maoist Center) show unfair competition to increase job creation targets while unveiling their election manifestos.
As the county is witnessing a slowdown in economic and industrial activities, the CPN-UML has pledged to create 5,00,000 jobs annually if it comes to power.
“Seed money will be provided at subsidized interest rates to those who need to start a business, and 5,00,000 jobs will be created through employment opportunities and self-employment every year,” the UML’s manifesto reads.
The UML has stated that with rapid development activities will unlock more job opportunities in the production, industry, and service sectors, and added that vocational training will also support job employment generation.
The main opposition party has also announced that agriculture and forestry, industry, tourism, energy, transport, information technology, and physical infrastructure will be developed as major employment creators.
The UML has also promised to increase government investment in areas that can create more jobs. Providing skills, capital, and vocational training has been prioritized by the UML to promote entrepreneurship. It is mentioned in its manifesto that skilled labor supply centers will be established at the central, provincial, and local levels.
The ruling Nepali Congress (NC) has promised to create 1.25 million jobs in five years. Information technology, industry, tourism, construction, transportation, the financial sector, minerals, art, and entertainment have been identified as potential employment-generating sectors.
The CPN (Maoist Center) has pledged to create 2 million new jobs in five years and announced that it will creates National Employment Authority that will provide orientation training, seed money, capital, and subsidized loans to youths.
The party has identified national pride projects, production-based agricultural projects, tourism, and industrial establishments as the key sectors that can generate a higher number of employment opportunities.
