The Nepal Army is currently conducting test production to restart the long-closed Hetauda Textile Industry following a government decision and budget release.
Industry, Commerce and Supplies Secretary Krishna Bahadur Raut has said that the Nepal Army is carrying out test production to help Hetauda Textile Industry run again. He shared this information on Saturday during a press meet organized to mark the 100 days of the government.
Government Decisions and Budget Release
The government had made a decision to reopen Hetauda Textile Industry on Asar 18, 2083. Secretary Raut told that the Finance Ministry have already released the budget for this work after the government gave its approval. With the budget secured, the Nepal Army is now moving ahead with the trial production work.
Evaluation of Sick Industries
The government is also working to evaluate seven other closed or sick industries in the country. A Due Diligence Audit (DDA) report is currently being prepared to find out the actual assets and liabilities of these factories. Secretary Raut said that the government will decide how to run these industries only after the DDA report is ready.
Additionally, the cabinet has made a decision regarding Udayapur Cement Industry Limited. The license for its limestone mine and red clay mine had expired, but the cabinet has now decided to extend and grant the license again.
History of Hetauda Textile
This Hetauda Textile Industry was previously dissolved on Magh 12, 2069 following a decision by the cabinet. But recently, a cabinet meeting on Asar 18, 2083 gave theoretical approval to start test production for restarting the industry, which has now brought the old factory back to 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.
