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Economy

Rolpa begins hair oil production

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ROLPA— A factory established in Sulichaur, the eastern belt in Rolpa district, has started the production of hair oil through processing of medicinal herbs available in the locality.

Established with the investment of Rs 15 million, a total of 35 people have been employed, proprietor of the industry Tek Bahadur Ghartimagar said.

According to Ghartimagar, the productions of the company are exported to the bigger cities such as Kathmandu, Pokhara, Chitwan and other market areas, as they are not sold in the local market due to higher prices.

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He said that cinnamon, bay leaf (Cinnamomum tamala), Calamus (Acorus Calamus), muskroot and many other locally available herbs are processed to produce the hair oil.

He also said that the local farmers are also encouraged to produce grass and herbs to avert the crisis of the raw materials as the materials produced in community forests and private forests could not meet the demand for raw materials.

Ghartimagar is of the view that the income of the community forests could be increased by doing farming of the medicinal herbs. “It would increase the income of community forests and also ensures sustainability of the industries,” he adds.

Rolpa is considered as a good source of many medicinal herbs where the local residents are making good income from the sale of the products. However, some herbs are yet to be identified despite their high values.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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