Kathmandu: The government is planning to set up industrial villages with the aim of utilizing the resources available to promote the local economy. The establishment of 32 industrial villages at different local levels and feasibility studies have already begun.
According to the Ministry of Industry, Commerce and Supplies, feasibility studies are being conducted at 91 local levels. The ministry further said that the study report is completed and it will select the 32 most feasible locations and tentatively cost Rs 294 million to establish the villages in these locations.
Minister for Industry, Commerce and Supplies, Mr.Lekhraj Bhatta said that the ministry has decided to give Rs 9.2 million within 15days in the first phase for some industrial villages like Damak Industrial Village, Dhangadhi Industrial Village, Biratnagar Industrial Village and Itahari Industrial Village to build the necessary infrastructure.
The plans have been made to build industrial villages with the aim of increasing investment in small and medium enterprises and industries by mobilizing local resources, raw materials, technology and skills. The newly established industrial villages will create jobs by establishing, developing and promoting domestic industries. The industrial village contributes to the local economy and that the products produced using local resources and manpower in such villages will also help in reducing the country’s trade deficit.
Bhatta stated that the industrial villages will go a long way in helping local products find a market and once local raw materials and skills start being utilised it will subsequently raise the income of the people at the local level.