Friday, February 17, 2017

21 industries agreed to establish factories in SEZ


Kathmandu, Feb. 16: Minister for Industry Nabindra Raj Joshi said that 21 industries had pledged to establish their plant in the Bhairahawa Special Economic Zone (SEZ), and more than Rs. 5 billion would be invested in the Zone.
Inaugurating the office of SEZ amidst a programme in Bhairahawa Thursday, he urged the businessmen and industrialists to establish industries in the Zone.
"Required electricity to run industries will be made available immediately after the establishment of the factory. You need not to worry about electricity. By the time you set up factories, the electricity facilities would be ready in the SEZ," he told the businessmen.
He stated that the businessmen had to register their industries with the SEZ office which would shorten the registration process.
He assured the private sector that the SEZ would come into operation at any cost since it was crucial for creating employment and reducing trade deficit.
According to the Minister, the foundation for the industrial revolution in the country had been laid, and the Ministry of Industry had been working with an aim of creating enough employment opportunities which would create environment to stop youth from going abroad in search of jobs.
Executive director of SEZ Chandika Prasad Bhatta informed that the SEZ had signed agreements with 21 companies which would export 75 per cent of their products.

"The industries that are willing to come to the SEZ are readymade garment, PVC mat, cement block, cement electrical, fabric, rubber and shoe, wires, medical herbs, soaps, garment processing, ginger processing, mineral water, electronic vehicle assembling and juice," he said. 

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