Kathmandu. Industrialists are happy that the Nepal Electricity Authority has started supplying regular electricity to the industrial sector in the last few days. The Federation of Nepal Export Associations has expressed happiness that the authority has started supplying regular electricity to the industrial sector.
The association has also thanked the executive director of the authority, Hitendradev Shakya, the Ministry of Energy and the government for reducing load shedding by taking the initiative to import the necessary amount of electricity from India to solve the serious problem of load shedding faced by the industrial sector.
The association has also stated in a press release that the load shedding in the industrial sector in the past is directly affecting the manufacturing industries. The statement also states that the industries that are members of the associations affiliated to the association are not able to produce export-oriented products according to their capacity, due to which the industry is losing income and the state is losing revenue, and this is having an impact on the overall economy.
Similarly, export-oriented industries, which are constantly working to promote raw materials and products based on indigenous labor and skills, introduce them to the world market, market them, make them competitive, and make Nepal’s economy self-reliant, are facing serious problems of insecurity and uncertainty due to load shedding for up to 12 hours a day.
In the last few days, the Nepal Electricity Authority has been importing additional electricity from neighboring India to supply regular electricity to the industrial sector. Along with this, the statement mentions that the industrial sector is now expected to be assured of 24-hour continuous electricity.
The statement mentions that the association has been contributing to the construction of a self-reliant economy by promoting the consumption and export of domestic raw materials and products, import substitution, employment growth, development and expansion of new entrepreneurs and entrepreneurship.
The statement also mentions that the data proves that the contribution made by organized industries to the state and the economy through exports is significant. However, the statement also mentions that the release of cash subsidy given by the government for exports has been stopped for a long time. The association has also drawn the attention of the government to provide the subsidy as soon as possible.
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