Prime Minister Balendra Shah (Balen) has stated that years of closed and loss-making national industries are starting to show positive signs of improvement due to recent reform efforts.
Prime Minister Balendra Shah (Balen) has shared that positive results are starting to appear in national industries and public corporations that were closed and running in losses for many years. He wrote on Facebook that the government has prioritized facilitation, motivation, and coordination to make these national industries alive and competitive again.
According to PM Balen, the hopeful results are showing because of honest efforts, law implementation, and continuous teamwork. He gave examples of several industries that is showing great progress lately.
Nepal Aushadhi Limited Makes Profit
The Prime Minister mentioned that Nepal Aushadhi Limited sold medicines worth Rs. 2 crore 38 lakh in the last four months. Also, the company earned a profit of Rs. 3 crore in the last fiscal year. For the current fiscal year, they have set a target to selling medicines worth Rs. 30 crore.
Under the government’s 100-point governance reform list, the target is to produce 98 types of free medicines from Nepal Aushadhi Limited within the next three years. This year, the target was to produce 37 types of medicines. Out of this, 25 types are in final stage of production, and 11 types of medicines are currently being produced.
Hetauda Textile and Nepal Airlines Improve
PM Balen also said that the responsibility for trial production to reopen the long-closed Hetauda Textile Industry was given to Nepal Army. After repairing the looms, the trial production has already started. The government plans to run the industry fully after the trial period is successful.
Similarly, the income of Nepal Airlines Corporation has also improved. From Chaitra to Ashadh of the last fiscal year, the corporation earned Rs. 6 arba 27 crore 63 lakh. This is Rs. 1 arba 10 crore 21 lakh more compared to the same period of previous fiscal year. During this time, seat occupancy reached 86 percent and the corporation paid Rs. 1 arba 6 crore 19 lakh installment of loan taken from Employee Provident Fund and Citizen Investment Trust to buying planes.
Reforms in Dairy Development Corporation
In Dairy Development Corporation (DDC), the payment outstanding to farmers was prioritized. The payment cycle has been reduced from 8 months to just 2 to 3 months. The payment backlog has come down to Rs. 35 crore from Rs. 72 crore. DDC also added an incentive of Rs. 1 per liter of milk for farmers.
Because of these reforms, the daily sales of DDC increased by 35 percent and average daily revenue reached Rs. 90 lakh from Rs. 60 lakh. Cutting the illegal facilities of ghee and milk given to employees saved around Rs. 3 crore yearly. DDC is now preparing to export ghee to Gulf countries, butter and chhurpi to China, and is planning to restart cheese production from Nagarkot center.
Singhadurbar Baidhyakhana Progress
Singhadurbar Baidhyakhana Development Committee has produced and sold Ayurvedic medicines worth Rs. 11 crore 16 lakh since the new government was formed. In the last fiscal year, the medicine business reached around Rs. 13 crore, which is four times higher than the previous fiscal year.
Currently, Baidhyakhana is producing 105 types of Ayurvedic medicines. It is working to become self-reliant in 35 types of free medicines and has a target to produce 150 types of medicines in the current fiscal year. They also aim to achieve Good Manufacturing Practice (GMP) standards for powder and tablet medicines, and establish a processing center for herbs and medicinal raw materials.
PM Balen expressed his belief that if honesty and dedication to the nation is maintained, then other sick national industries can also get a new lease of life.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
