Prime Minister Shah Claims Government Industries Turning Around
Summary
Prime Minister Balen Shah says state-owned industries and corporations are recovering after years of losses, citing gains at Nepal Drug Limited, Nepal Airlines Corporation, Dairy Development Corporation, Hetauda Textile Industry and Singha Durbar Vaidyakhana. The government says reforms, better production and improved collections are helping these firms move toward self-reliance.
Key Points
- Prime Minister Balen Shah says government industries and corporations that were long in deficit are improving under the new administration.
- Nepal Drug Limited has increased medicine sales, earned a profit last year and is expanding production after obtaining GMP certification.
- Nepal Airlines Corporation posted higher revenue and seat occupancy while paying down aircraft loans.
- The Dairy Development Corporation has shortened farmer payment delays, raised daily sales and is preparing for exports, while Vaidyakhana has expanded production and turnover.
