Shockwaves of Iran war hit manufacturing, construction sectors in Nepal
Summary
The Iran war has disrupted Nepal's import of petroleum products and construction materials, severely impacting the construction and plastic industries with price hikes and raw material shortages.
Key Points
- The Iran war and West Asia tensions have caused petroleum and bitumen shortages, halting many road construction projects in Nepal.
- The price of bitumen has doubled from Rs80 to Rs150+ per kg, severely affecting contractors and infrastructure projects, especially in Lumbini and Koshi provinces.
- Plastic-based industries in Banke and Parsa–Bara industrial corridors face shutdowns due to raw material shortages and cost increases.
- Contractors and industry representatives have demanded government intervention including emergency declarations, customs duty reductions, and price adjustment measures to sustain the sector.
