382 new industries registered in Morang
BIRATNAGAR, Feb 17:
Altogether 382 small and cottage industries were registered in Morang over the first seven months of 2013/14.
Officials say entrepreneurs are attracted toward small and cottage industries as they can be run with a small capital by mobilizing locally available raw materials
According to the Cottage and Small Industry Office, Morang, a total of 4,489 small and cottage industries have been registered with the office so far. Apart from utilizing local resources, these industries have also been addressing the chronic problem of unemployment to some extent.
Cottage and small industries had created 2,191 new jobs in 2012/13. These industries have created 935 new jobs over the first seven months of 2013/14.
Prakash Acharya, chief of Cottage and Small Industry Office, Morang, said more than Rs 4 billion has been invested in cottage and small industries in the district so far. “At a time when investors are looking for new investment avenues, cottage and small industries have become a good sector for investment,” he added.
The government has classified small and cottage industries into seven types -- manufacturing, energy, agricultural, tourism, mines, service and construction. Industries having capital up to Rs 200,000 are categorized as cottage industry, while those having capital of up to Rs 30 million are classified as small industries.
As the office only registers industries with low capital, entrepreneurs opening large scale industries have been facing difficulty as Office of Company Registrar has not opened its district office in Morang.
According to officials, entrepreneurs have been facing big loss due to the practice of not renewing their industrial enterprises in time. “They have to pay hefty fine if they do not renew their industries or notify the concerned office about the closure of their industries in time,” Acharya added. The office charges closure fee of mere Rs 100.
The office has been able to monitor small and cottage offices operating in the district because of fund and human resources crunch, according to Acharya.
Source: Republica
