137 industries in Kailali closed due to raw material shortage

KAILALI, March 20: As many as 137 cottage and small industries have closed down in Kailali district due to the shortage of raw materials. Several of these industries were shut as they could not manage the operation cost while others pulled down their shutters because their products could not compete in the market in terms of prices.

According to the Cottage and Small Industries Office, several of the industries closed after their proprietors left the country for foreign employment.

However, the registration of women-owned enterprises has notably increased in the district in recent years. This is due to the provision of concessions on the registration fees for women-owned industries.

So far 15,434 industries have been registered in Kailali and the registration of 137 of them has been annulled. Among the registered industries, 3,194 are production-based, 6488 agriculture-based, two construction, 65 tourism-related, 12 information technology related and 5,673 are service-oriented industries.

These industries have an investment of Rs 25 billion, it is estimated. The Sudurpaschim Province government has allocated Rs 15 million for implementing the 'One Electoral Constituency, One Industry' program in the current fiscal year.

The Office stated that 9,120 women and 69,611 men are employed in the registered industries. The Office collected Rs 5.21 million in revenue in the last fiscal year 2022/23 and Rs 10.5 million as of March 13, in the eight months of the current fiscal year 2023/24. 

RSS