Hetauda Textile Industry Set to Resume Operations After 24 Years
Summary
The Hetauda Textile Industry is set to resume operations after 24 years of closure, with the Nepali government planning to hand over trial production to the Nepali Army and having allocated budgets for repair work.
Key Points
- The Nepali government is preparing to restart the Hetauda Textile Industry after 24 years of closure, with initial trial production planned to be managed by the Nepali Army.
- A budget of 3.3 million rupees has been released for repairing the industry's machinery, and repair work has started, primarily cleaning so far.
- The army proposed investing approximately 1.93 billion rupees to operate the industry without government capital, using the army welfare fund for expenses.
- The Hetauda Textile Industry was established in 1975 AD, operated for about 24 years before closing due to financial and management issues, with multiple prior attempts to reopen it.
