Devastating Flood Causes Major Damage to Industries and Businesses in Nuwakot
Summary
A devastating flood in the BhoteKoshi-Trishuli corridor has caused major physical and economic damage to industries and businesses in Nuwakot. Flood-affected entrepreneurs are demanding immediate relief, rehabilitation, and support to restart operations.
Key Points
- Around 1,800 small and large industries and businesses in Nuwakot were completely damaged by the flood, according to the Nuwakot Chamber of Commerce and Industry.
- Entrepreneurs have asked the government for immediate relief and rehabilitation programs.
- Many of the affected businesses were operating on bank loans, worsening the financial pressure on owners.
