Trade fairs to help promote Nepali products

Kathmandu, Nov. 24 (RSS):Trade fairs are to be organised in the near future at the industrial cities of all the five development regions under the joint auspices of the Ministry of Industry, Commerce and Supplies, Trade Promotion Committee, Federation of Nepalese Chamber of Industry and Commerce and the concerned chambers of industry and commerce.

This information was provided by chairman and convenor of the main trade fair committee Krishna Prasad Tamrakar at a press conference here recently.

Refering to the slackness taking place in the country as a result of the decline in export trade, FNCCI first vice president Rabibhakta Shrestha said that FNCCI had been organising trade fairs to publicise Nepalese products. Preparations are being made to organise an international trade fair in Nepal within the next three years, he added.

President of the Publicity Committee Bhaskar Rajkarnicar said that about 250,000 Nepalese and foreigners are expected to visit the trade fair to be participated in by 84 industry and commerce associations.

Similar trade fairs were organised at Dharan of Eastern Region, Hetauda of Central Region and Butwal of Western Region last year.

The trade fairs were organised at Dharan of Eastern Region, Hetauda of Central Region and Butwal of Western Region last year.

The trade fairs will be organised at Butwal from December 1 to 10, Birgunj from January 5 to 9, 2001, Biratnagar from February 7 to 11, 2001, and Mahendranagar from February 16 to 23, 2001.

Nepalgunj removing sick industries

Nepalgunj, Nov. 24 (RSS):The process of removing the sick industries and setting up new industries has been initiated at the Nepalgunj Industrial Estate.

The process of removing the ailing industries has been initiated as industries occupying sheds at the industrial state have remained closed for a long time and this has caused a loss to the industrial estate and obstructed the work of setting up new industries, according to chief of the Nepalgunj Industrial Estate Dil Bahadur Malla.

A few industries of the industrial estate have closed down since a long time as a result of proper management, lack of capital and raw materials, and problem of marketing their products.

As the textile and steel furniture industries have been ailing for a long period, brass and copper utensils, copper wire and tap materials producing industries have been opened in the sheds occupied by them.

The brass and copper utensils and tap materials industries have started producing goods while the copper wire industry will start production in near future.

Likewise, the Bhaktapur Dairy Private Limited has been opened at the shed occupied by the sick dairy industry.

Efforts are being made to set up new industries at the sheds occupied by the sick cold storage and concrete industries.

The Nepal Spice Products which has been closed due to lack of foreign market is in the process of being shifted to another place.

Applications have been received for opening new industries as the process of removing the sick industries was initiated.

Applications have been received for opening a workshop and electrical and iron goods industries.

Nepalgunj Industrial Estate produces goods worth about Rs 700 million and provides about Rs 20 million in revenue to His Majesty’s Government every year.

At present, 650 Nepalese and Indian are engaged at the Nepalgunj Industrial Estate built with the cooperation of the government of India in 2032 B.S.

Clear policies needed to cure hydropower investment

Kathmandu, Nov. 24 (RSS):If the state evolves a clear policy and creates a congenial atmosphere to launch small hydropower projects in the country, domestic and foreign investors would be attracted and the process of rural electrification would be intensified.

Participants at the seminar on prospects of small hydropower development organised jointly by Lamjung Power Development Company, Natural Resources Canada and Canadian Cooperative Office expressed the view that foreign investors could be brought for investing in small hydropower projects.

At the concluding session of the seminar, secretary at the Ministry of Water Resources Biswanath Sapkota said that a new hydropower policy was on the anvil to boost the investment of the private sector in the sector.

Former assistant minister Ramchandra Adhikari said that the government should lay emphasis to harness the abundant hydropower potential for the economic development of the country.

On the same occasion, Consular at the Canadian Embassy Carla Hogan Reufields and Tony Tong of Natural Resources Canada said that the Canadian government was interested in making investments for harnessing the water resources of Nepal.