Print Edition - 2015-03-05 | MONEY
Industrial estate set up
Mar 4, 2015-
The premises formerly occupied by the liquidated Hetauda Textile Factory have been turned into an industrial estate.
Industry Minister Mahesh Basnet on Wednesday inaugurated the new industrial zone in Hetauda where at least 50 factories could be set up.
The number of such zones in the country has reached 11 with the opening of this industrial estate.
“Factories will be set up in a managed way on the 22 bighas of land covered by the industrial estate,” said Nanda Kishore Basnet, chairman of Industrial Estate Management Limited (IEML).
IEML had constructed the infrastructure before the area was declared an industrial zone. Manager of the new industrial estate Dilip Kumar Shrestha said that they would soon invite proposals from industrialists to set up factories in the new industrial zone.
“Permits to establish factories will be issued after evaluating the proposals,” he added.
Two years ago, the government had handed over the land occupied by the
textile factory to IEML for development into an industrial estate.
The management claimed that the new industrial area would be filled with factories within the next two years.
Factories related to food, engineering, feed and plastic have been planned to be set up in the new zone.
Industry Secretary Uttam Bhattarai, lawmakers Ananta Poudel and Indra Bahadur Biniya and IEML General Manager Rajendra Thapa also attended the inauguration ceremony on Wednesday.
The land occupied by the textile factory, which has been closed since 2001, has been valued at Rs 360 million.
Published: 05-03-2015 08:45