Sudurpaschim Province’s industrial capacity utilization limited to 51 percent
Summary
Sudurpaschim Province’s industries are operating at just 51.29 percent capacity, according to a Nepal Rastra Bank study. The report also shows mixed production trends, shifting bank credit patterns, and provincial government spending of 61.94 percent of its allocated budget.
Key Points
- The average capacity utilization of industries in Sudurpaschim Province stands at 51.29 percent, with GI wire, brick and edible oil industries performing relatively better.
- Production of concrete, soap and GI wire declined in the last fiscal year, while wheat flour, sugar, bricks and rosin recorded sharp increases.
- Bank credit to the agricultural sector fell by 2.13 percent to Rs 15.62 billion, while industrial credit rose by 3.72 percent to Rs 27.71 billion.
- Sudurpaschim Province’s economy was estimated to grow by 3.28 percent, with GDP reaching around Rs 463 billion and provincial spending at 61.94 percent of the allocated budget.
