Investment climate: Good or bad?

February 11, 2020 08:40 am

Nepal needs to take advantage of emerging favorable investment climate to boost private investment from both domestic and foreign investors for accomplishing its target

Province 5 organizing investment summit

January 28, 2020 10:24 am

RUPANDEHI, Jan 28: The Province 5 government is all set to organize an investment summit in April to attract investment in the province.

BHAIRAHAWA, Dec 21: Despite its identity as an industrial region in the recent days, the supply of power in Bhairahawa-Butwal area is still insufficient, forcing the industries to install their own plants for power generation.

CHITWAN, Nov 22: Minister for Industry, Commerce and Supplies Lekhraj Bhatta said that the government would move ahead in a planned way for the development of the industrial sector.

Fashion façade

August 9, 2019 07:25 am

For many of us, the fashion industry seems like a glamorous and rewarding place. In the recent times, the number of design hubs and boutiques that have come up vouch for its exponential growth. However, professionals such as models, stylists, and photographers say that there’s seldom any room for creativity and that money is often an issue. They say these are pressing problems that need to be addressed if the fashion sector is to prosper in the long run.

Bills relating to industry passed

August 8, 2019 21:30 pm

KATHMANDU, Aug 8: The meeting of the House of Representatives on Thursday passed the 'Safeguard, Anti-Dumping and Countervailing Bill 2076' and 'Industrial Business Development Institute (first amendment) Bill 20756' unanimously.

NEW DELHI, August 2: India is unlikely to sign a China-backed Asia-Pacific trade pact because of opposition from industry and farmers

KATHMANDU, July 11: The average capacity utilization of Nepali factories has reached 60% over the first six months of the current fiscal year – FY2018/19, according to the latest study of economic activities of the country released by Nepal Rastra Bank (NRB) on Wednesday.

BUTWAL, June 27: The first Special Economic Zone (SEZ) of Nepal in Bhairahawa has not started a process to manage electricity for the production units even after a year of establishment of factories in the zone.

BANKE, June 18: Investment in small and cottage industries is being encouraged in Banke district. More cottage industries are booming in the district as of late and the investment is also growing.

Minister for Industry and Supplies Matrika Yadav has opined that the textiles produced from Hetauda Textile Industry should compulsorily be used by the government employees.

KATHMANDU, May 22: Construction entrepreneurs have expressed their reservations against some of the provisions in sixth amendment to Public Procurement Rules 2007, saying that the law will affect the entire construction sector and push the industry to the brink of collapse.

UADAYAPUR, May 16: Police on Tuesday succeeded in evacuating 3 bigha land belonging to Udayapur Cement Industry Limited (UCIL) in Jaljale of Udayapur district, which was illegally encroached by some land brokers overnight.

BIRGUNJ, April 3: Around a dozen factories in the Birgunj industrial corridor have reportedly faced losses worth millions of rupees, after a storm hit the districts of Bara and Parsa on Sunday evening.

Anil Kapoor says Indian film industry has successfully struck a balance between content-driven and commercial cinema.

BAITADI, Nov 18: Minister for Industry, Tourism, Forests and Environment of Far-West Province Maya Bhatta has said that Far-West Province has huge potentials for development.

KATHMANDU, Oct 25: Minister for Industry, Commerce and Supplies Matrika Prasad Yadav addressed the LDCs Ministerial and Business Executive Roundtable in Geneva on 24 October and shared the latest strategies and measures taken by the government for creating conducive environment for foreign investment in Nepal.

ILAM, Aug 6: A total of 3 million workers are engaged in tea industry of Nepal. But only 3,244 them are hired on permanent basis, a survey shows.

POKHARA, July 26: Gandaki Province government has introduced its own set of operation guidelines for crusher industries. The new guideline details rules for excavation, collection and distribution of stone and sand.

KATHMANDU, July 9: Ministry of Industry, Commerce and Supplies is reportedly preparing to allow the Nepal Army to revive the defunct Hetauda Textile Industry (HTI).

JHAPA, July 7: Youth Association Nepal Jhapa Chapter has padlocked the office of a tar industry located at Kankai Municipality of Jhapa district, reasoning that the tar produced there was of low quality.

NUWAKOT, June 27: District Administration Office (DAO) Nuwakot has directed Siddhi Ganesh Oxygen Gas Industries to stop construction of its office and production plant.The office sent a letter to officials of the industry to stop all construction works, stating that industry was illegally extracting sand from the construction site in the pretext of building office and production plant.

LONDON, June 26: Uncertainty over Brexit has halved new investment in the British car industry as Prime Minister Theresa May’s government current plans for trade after Britain leaves the EU are unrealistic, the biggest car manufacturing lobby said on Tuesday.

LONDON, June 26: Uncertainty over Brexit has halved new investment in the British car industry as Prime Minister Theresa May’s government current plans for trade after Britain leaves the EU are unrealistic, the biggest car manufacturing lobby said on Tuesday.

LONDON, June 24: British lorries would be barred from entering Europe under a no-deal Brexit, according to an industry chief, who warned that British firms would be "crucified" by tariffs if Theresa May fails to secure a deal with the European Union.

Industry with fake NS mark sealed

June 21, 2018 10:45 am

KATHMANDU, June 21: Nepal Bureau of Standards and Metrology has sealed an company which has been in operation with fake NS mark.

BANEPA, June 15: Minister for Communications and Information Technology Gokul Prasad Baskota has said it should be demarcated if the media was industry or service sector based on the changed technology and investment.

If you have seen the recent Nepali advertisements for Coke, you have probably appreciated the fact that Nepali ads are finally moving past cheesy dialogues and are being presented in a more sensible and creative way.

Saving garment industry

June 14, 2018 00:30 am

Changes to the garment industry’s business model are threatening the livelihoods of millions of people

KATHMANDU, May 5: Public transport operators have invested over a trillion rupees [Rs 1,000 billion] in the industry but they have not been paying any taxes on their profits, according to government officials. All the public transport operators including bus operators and truckers in the country are registered with one or another "transport enterpreneurs committees", which operate as non-profit organizations.

KATHMANDU, May 2: The Nepal 14th International Trade Fair and Cottage Industry Festival 2018 has concluded recording Rs 147.5 million worth of transactions.

KATHMANDU, April 27: The 14th International Trade Fair and Cottage Industry Festival 2018 began in Kathmandu on Friday.

CHITWAN, April 8: Minister for Home Affairs Ram Bahadur Thapa has said that the Home Ministry was committed to providing security to the industry and business sector.

PARSA, April 5: Concerned authorities of Province 2 have called for tapping abundance opportunities in agriculture, industry and tourism for prosperity while stressing agriculture modernization, trade-friendly liberal policy and religious tourism.

KATHMANDU, Mar 13: Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav, has urged Nepali private sector to focus on increasing production capacity rather than holding a discussion on increasing exports.

Matrika Yadav is new industry minister

February 27, 2018 04:30 am

KATHMANDU, Feb 27: Prime Minister KP Sharma Oli has appointed Matrika Yadav as the Minister for Industry, Commerce and Supplies. Yadav is a standing committee member of CPN (Maoist Center).

KATHMANDU, Feb 13: Minister for Information and Communications, Mohan Bahadur Basnet, has said that the digital ticketing system (box office) would help make the film industry profitable. The box office system has been implemented to make the sale and distribution of films systematic and transparent, he added.

NAGARKOT, Feb 6: Property worth one million rupees was destroyed by a fire broke out at a furniture industry at Jhaukhel of Changunarayan Municipality-2 in Bhaktapur.

KATHMANDU, Jan 27: Cement manufacturers have not yet reduced the hiked price of cement, disobeying the government’s direction to do so. The three-day deadline given by the government to the cement manufacturers for reducing the hiked prices expired on Thursday.

Bishal Group sets up tire industry

December 21, 2017 14:50 pm

PATHARI, Dec 21: Bishal Group in collaboration with Yuchar Group of India is all set to run a tire industry investing Rs 50 million. The company will bring in tiers in the market in three weeks.

KATHMANDU, Dec 1: Tourism stakeholders of Lumbini have stressed the need to enhance connectivity and ensure smooth and hassle-free services at Nepal-India border for bringing more foreign tourists to Lumbini -- birthplace of the Buddha -- via India.

BIRATNAGAR, Nov 4: Radha Krishna Chimariya, an industrialist from Calcutta, India used to run a large jute mill at Katihar city near Nepal-India border. Haridwari Malla used to work as a manager of the mill. The area, being near the Koshi River, was good for jute farming. Malla took a go-down on lease in Biratnagar, bordering town of Nepal.

KATHMANDU, Sept 26: Numerous designers are emerging in the fashion industry of Nepal with growing trend of wearing designer clothes. The clientele that orders designer clothes ranges from celebrities to regular customers who would love to flaunt their clothes in events, parties and other occasions.

KHOTANG, July 23: Rupakot Majhuwagadhi municipality in the district has decided to remove a crusher industry running illegally in the municipality.

POKHARA, July 4: A few months ago, a different type of restaurant opened in Lakeside of Pokhara. It was later known that the restaurant, Koyla Lounge, had landed here after doing brisk business in China and Dubai. And its target in Pokhara was the same - Arabian people. Even though it offers other cuisines, its specialty is Arabian cuisines.

MORANG, June 24: Fire has broken out in Greenply Industry in Budhiganga Rural Municipality-5 in the district.

KATHMANDU, May 8: An unidentified group hurled petrol bomb at the Shivapuri Drinking Water Industry here this morning.

RAUTAHAT, May 2: Property worth millions of rupees was destroyed after a fire broke out at Everest Distillery Industry in Durga Bhagawati Rural Municipality in the district on Tuesday.

TILOTTAMA (Rupandehi), April 27: Fire broke out at two industries in Rupandehi on Thursday, destroying around Rs 50 million worth of property.

KATHMANDU, April 25: Minister for Industry Nabindra Raj Joshi on Tuesday said that the government has requested industrialists to provide construction materials required for reconstruction at lower price.