At a time when the existing industries have been facing an acute shortage of raw materials, bandas, power crisis and labor strife, the establishment of a high number of cottage and small industries has given a new lease of life to the country´s ailing industrial sector. [break]
The new industries, set up at a total capital of Rs 165,467,000, have been registered at the Office of Cottage and Small Industries, Morang.
According to the office, these industries manufacture products worth Rs 195 million yearly and employ over 3000 people.
The newly registered are service-oriented industries producing lentil, rice, edible oil, timber, soap, rubber and plastics.
Office chief Dinesh Ghimire said a total of 3,528 industries are operating in Morang with 332 being cottage and 3,196 small industries.
A total of 35,988 men and 768 women have been employed by these factories, Ghimire said, adding that licenses of 11 industries were canceled this year for their failure either to renew or come into operation.
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