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Economy

194 industries registered with foreign investment

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KATHMANDU — Total 194 industries have been registered with foreign investment at the Department of Industry during first eight months of the current fiscal year,according to the information provided by the Department.

10 large-scale, four medium-scale and 180 small-scale industries have been registered till March 14, the Department dais.

Among the industries registered, 11 are related to agriculture, four related to energy, 17 related to information, broadcasting and communication technology, 39 production-oriented, one related to mineral, 62 services related and 60 related to tourism.

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The investment above Rs 100 million is considered small industry, investment from Rs 100 to Rs 250 million is referred as medium scale and investment above Rs 250 million is taken to be big scale industry.

As of now around 7,500 industries have been registered at the department.

According to Department’s Information Officer Durga Prasad Bhusal, investment has increased in industrial sector with the formation of a stable government following the completion of three-tiers of governance. “Industrial sector has witnessed growth this year in comparison to the previous year”, he added.

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Economy

TIA to operate services for 21 hrs daily from upcoming mid-May

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KATHMANDU — Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has said that the Tribhuvan International Airport (TIA), the only international airport in the country, would be operated for 21 hours daily.

In an interaction organized by the Nepal Tourism Infrastructure Development Council here in the Ministry on Tuesday, Minister Adhikari shared that the Ministry was preparing to operate the TIA for 21 hours daily from upcoming mid-May.

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He added that the move was targeted to lessen air traffic pressure as the TIA is facing acute air traffic pressure as of late.

He added that though he was planning to operate 24 hours services in the TIA, it takes time to this effect. He also shared that night flights currently available from Kathmandu to Dangadhi will be extended to Bhadrapur of Jhapa in the near future.

Experts in tourism and culture sectors suggested Minister Adhikari to adopt effective plans and programmes for the development of these sectors.

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