KATHMANDU, DEC 1, 2012
The technical committee, formed under the Industrial Promotion Division, has finally recommended the names of 12 industries for sick industry facility.
“We have submitted the final reports of 12 industries that had sought the sick industry facility from the government,” said under secretary at the Industrial Promotion Division (IPD) and coordinator of the technical committee Surya Kant Jha. “We expect the recommended industries to receive the facility by January 2013,” he said.
The reports of the 12 industries were based on their documents and observations made by representatives of the committee after field visits to the industries, interaction with stakeholders, and their bank transaction report. “After the recommendation is approved by our main committee, the final nod will be given by the cabinet,” he said.
The recommended industries include, wood and wire industries, floriculture industry, Nepal Board, Birat Shoes, Bishesh Textile, leather industry, Sumi Pharma, Fleur Himalayan, Kailali Chinimill, and Sirish Herbal.
According to the technical committee, there still are some more industries from the previous application and some new applicants who will also be observed following the same procedure. The committee goes for field visits, and evaluates and classifies the industries accordingly.
The committee is also preparing for an observation tour of industries within Kathmandu valley that have applied for the sick industry facility. The division has received 30 applications claiming the facility.
The division has received another six new applicants that have claimed for the sick industry facility. IPD has already received one-third budget, that is Rs 0.85 million for the sick industry selection and recommendation procedure.
“We are waiting for the remaining budget to execute the remaining programme,” said Jha. The government has allotted a budget of Rs 2.7 million for the process to classify and recommend the names of the sick industries.
The expert committee, formed under the coordination of the Industrial Promotion Division, this time is quite convinced about completing the recommendation process on time, though earlier taskforces and committees had failed.
Officials at the division said that the unclear industrial policy has delayed the rehabilitation of sick industries. However, with a more liberal industrial policy, IPD is convinced about forwarding the recommendation on time and timely approval by the government.
Source: THT
The technical committee, formed under the Industrial Promotion Division, has finally recommended the names of 12 industries for sick industry facility.
“We have submitted the final reports of 12 industries that had sought the sick industry facility from the government,” said under secretary at the Industrial Promotion Division (IPD) and coordinator of the technical committee Surya Kant Jha. “We expect the recommended industries to receive the facility by January 2013,” he said.
The reports of the 12 industries were based on their documents and observations made by representatives of the committee after field visits to the industries, interaction with stakeholders, and their bank transaction report. “After the recommendation is approved by our main committee, the final nod will be given by the cabinet,” he said.
The recommended industries include, wood and wire industries, floriculture industry, Nepal Board, Birat Shoes, Bishesh Textile, leather industry, Sumi Pharma, Fleur Himalayan, Kailali Chinimill, and Sirish Herbal.
According to the technical committee, there still are some more industries from the previous application and some new applicants who will also be observed following the same procedure. The committee goes for field visits, and evaluates and classifies the industries accordingly.
The committee is also preparing for an observation tour of industries within Kathmandu valley that have applied for the sick industry facility. The division has received 30 applications claiming the facility.
The division has received another six new applicants that have claimed for the sick industry facility. IPD has already received one-third budget, that is Rs 0.85 million for the sick industry selection and recommendation procedure.
“We are waiting for the remaining budget to execute the remaining programme,” said Jha. The government has allotted a budget of Rs 2.7 million for the process to classify and recommend the names of the sick industries.
The expert committee, formed under the coordination of the Industrial Promotion Division, this time is quite convinced about completing the recommendation process on time, though earlier taskforces and committees had failed.
Officials at the division said that the unclear industrial policy has delayed the rehabilitation of sick industries. However, with a more liberal industrial policy, IPD is convinced about forwarding the recommendation on time and timely approval by the government.
Source: THT
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