SME village being built at Bardaghat

Kathmandu, Jan. 27

A Model Industrial Village (SME Village) is being built at Bardaghat Municipality in Nawalparasi (West). The foundation stone of the industrial village was laid on Friday after completing the preparatory works including budget management and project construction contracts.

Industry, Commerce and Supply Minister, Ramesh Rijal and Member of Parliament from the area, Binod Chaudhary, jointly laid the foundation stone of the project.

With the resource allocation for the industrial village in the budget of the current Fiscal Year 2023/24, preparations for the project have progressed. Integrated facilities will be available in this village that aims to utilise the creative entrepreneurship of the local youth and skills based on local raw materials.

This village is being built in Bardghat Municipality Ward No. 5, Khajura Khola area in about 18 bigaha land. It is estimated that Rs. 170 million will be needed to develop this project which is aimed to be completed within the next three years.

For this year, Rs. 40 million have been released for this project and the contract to develop it has already been awarded. If required, an additional budget would be disbursed for its construction, said Chaudhary.

Engineers from Chaudhary Foundation will directly support the project without any financial burden to carry forward this project effectively.

Speaking on the occasion, Minister Rijal expressed his belief that the model industrial village will contribute significantly to the industrialisation and economic development of the region. He also said that the government is ready to cooperate with the private sector and will take initiatives to improve policies for industrial development.

"We are promoting youth entrepreneurship training for young people. And we will also take the necessary steps to arrange seed capital for them," Chaudhary said. He also informed that he and his team will continuously support and monitor the construction of the project.

The Special Economic Zone Authority under the Ministry of Industry, Commerce and Supplies has been facilitating the construction of the model industrial village. Mayor of Bardaghat Municipality, Shambhu Lal Shrestha said that it is very good news that a model industrial village is being constructed in the municipality. 

 Published in The Rising Nepal daily on 28 January 2024.