KATHMANDU, July 27: Industry, Trade and Supply Minister Dilendra Prasad Badu has said that the government is preparing to recommission the Janakpur cigarette factory. Minister Badu said this in an interview with the media on Wednesday after inspecting the long-closed Janakpur cigarette factory.
He said after studying the machines of the closed cigarette factories, which were operated under government ownership and gained a name, the working machines will be put into operation. Minister Badu said the government plans to increase the capacity of factories to increase domestic production, run them at full capacity and open new factories.
He mentioned that the old factories will operate at their full capacity and the government will attract domestic and foreign investors by granting various concessions to open new factories and commission the old government-owned ones, either by collaborating with the private sector or by praising. to the private sector.
Minister Badu said government-owned Biratnagar Jute Mills, Janakpur Cigarette Factory, Hetauda Textile Industry, Butwal Yarn Industry, Gorkha Rubber Industry, etc. are now closed. He stressed the need to bring closed factories back into operation to improve the country’s economic situation, reduce the trade deficit and substitute imports.
Minister Badu said there is a need to increase domestic production at a time when the country is becoming increasingly dependent on imports. He claimed that imports can be reduced if the country’s production increases. Minister Badu said the private sector and the government should now establish export-based industrial units.