KATHMANDU, Jan 17: A total of 103 proposed companies have pledged to invest Rs 72.62 billion in the first half of the current fiscal year at a time when the running industries have been struggling to come to their full business size amid the coronavirus threat.
KATHMANDU, Jan 14: Around 70 percent of the hotels and restaurants have still failed to operate in their full capacity even as the economy is already heading on the path of recovery after severe impacts of COVID-19.
As the COVID-19 pandemic begins to form our ideas of a new normal, a daily topic of discussion in most households revolves around speculating about the shape and future of the economy. Theories are rife and forecasting models are being created and shattered on a daily basis, but the fact remains that the world has never witnessed such an unprecedented economic upheaval and therefore there is no accurate way of predicting how the world economies will evolve post-COVID-19.
TIKAPUR, July 11: Work on a proposed industrial estate in Dudejhari in Lumki Chuha Municipality Ward 3 has not gained momentum even though it has already been four years since the project was first mooted.
KATHMANDU, March 24: The government has proposed various incentives, subsidies, facilities, and tax waivers for industries in the new bill to integrate and amend the existing Industrial Enterprises Act.
BIRGUNJ, Sept 16: The government removed the seal from the plant of Nimbus Group's Probiotech Industries Pvt Ltd, on Friday. The Birgunj-based plant was sealed by the government following an inspection by a team led by Minister for Industry, Commerce and Supplies Matrika Yadav.
Sagar Ghimire of Republica caught up with Sameer Khatiwada, an economist at the Economic Research and Regional Cooperation Department to understand how Nepal can prepare itself for what lies ahead in terms of technological revolution. Excerpts:
BIRGUNJ, May 6: After the ups and downs and uncertainties that lasted for a decade, there are indications that the Birgunj Industrial Corridor has finally started to flourish. Within the past two years, several industries have been established in this corridor with an investment of billions of rupees.
KATHMANDU, Dec 4: At a time when the Ministry of Commerce has proposed to discourage import of nine products, mostly luxury goods, to narrow down widening trade deficit, economists have suggested that the government move ahead wisely to get expected result rather than just making it an act of market intervention.
Logo fashion industries is a joint venture company that was established in Nepal in 1997. Co-founder Hira Muktan has been in the garments industry for the past 25 years. The head office of the industry is in Dubai and they had a branch in North Cyprus before they decided to open a factory in Nepal.
Michelle Simmons, Microsoft Corporation's general manager of South East Asia-New Markets, was recently in Nepal to participate in Nepal Investment Summit 2017. She was a panelist in the plenary session on 'International Experience Sharing'. The global technology giant is present in Nepal for nearly 10 years through a partnership with Microsoft Innovation Center Nepal. In the immediate aftermath of 2016 earthquakes, Microsoft Corporation came to Nepal to provide technological helps to the government in earthquake recovery efforts. Sagar Ghimire of Republica met Simmons on the sideline of the summit to discuss about her observation and experience as well as the future plan of Microsoft Corporation in Nepal. Excerpts:
KATHMANDU, Mar 1: Minister for Industry Nabindra Raj Joshi on Tuesday said exodus of youths to overseas job markets can be controlled by encouraging them to start cottage and small industries in the country.
KATHMANDU, Kathmandu, Feb 27: Though 21 months have already been over since the government announced the enforcement of the guideline for including pictorial elements and messages of health warning in the packaging and labeling of tobacco products , some tobacco industries are yet to abide by the guidelines.
KATHMANDU, Feb 24: Deputy Prime Minister and Minister for Home Affairs Bimalendra Nidhi has said that the government must give due priority to cottage and small industries if it wants the sector to flourish further and help in country's development.
BUTWAL, Oct 20: Deputy Prime Minister Krishna Bahadur Mahara has said the government was acting responsibly to hold elections in all three tiers within coming 14 months as stipulated by the constitution