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194 industries registered with foreign investment

Gorkha Post

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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

Yeti Airlines adds third ATR 72 aircraft

Gorkha Post

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KATHMANDU — Yeti Airlines has added third ATR 72-500 aircraft to its fleet. With the addition of this aircraft, Yeti Airlines will expand its ATR72 operations to Bhadrapur and Pokhara and will help facilitate Nepal achieve its target of 2 million tourist arrivals by the year 2020, according to statement released by the company.

The aircraft landed in Kathmandu airport after its approximately 1,450 hours flight from France-Toulouse-Italy-Egypt via Muscat, read statement issued by the Yeti Airlines on Tuesday.

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Captains Pramod Poudel, Ramod Kunwar Shrestha and Surendra Kunwar; flight dispatcher Santa Prajapati, Senior Engineer Suresh Kumar Bajracharya and CAAN representative Bharat Raj Parajuli were onboard the plane.

Yeti Airlines has purchased this ATR72-500 aircraft from KF Turbo Leasing Limited and will be one of the youngest ATR72 aircraft operating in Nepal.

The ATR72-500 is a twin-engine turboprop aircraft manufactured by the French-Italian consortium ATR.

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