Hetauda textile factory’s looms whir again after 24 years
Summary
Hetauda Textile Industry has conducted its first successful test production after 24 years of closure, with the Nepali Army repairing the state-owned factory ahead of schedule. The government now faces the bigger challenge of turning the revived looms into a commercially sustainable operation.
Key Points
- Hetauda Textile Industry resumed preliminary test production on Saturday after nearly two and a half decades of closure.
- The Nepali Army spent 40 days repairing the factory under a government directive, and the Ministry of Industry says the work was completed ahead of schedule.
- The revival is part of a broader government plan to restore sick state-owned enterprises, with Hetauda Textile placed at the top of the priority list.
- A feasibility study says full revival would require Rs1.93 billion in capital investment and could become profitable within nine years.
