CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Mechinagar evolving into an industrial hub

CEO TAB by CEO TAB
August 12, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

-Chandrakala Bhandari

You might also like

MCA-Nepal Completes 18-km Cross-Border Transmission Line to India

NRB Allows Rs 100 Notes to Be Dispensed from ATMs Ahead of Dashain

NRB Expands Risk Management Framework to Cover Climate, AI and Cyber Risks

Buddhanagar, August 11: The Mechinagar municipality of Jhapa district, which has direct trade ties with India, Bhutan and Bangladesh, is being evolved into an industrial hub in the eastern part of the country. The easiness and facilities of transportation, banking and favorable environment for securing investment among other factors have contributed to transforming this municipality into an industrial hub.

There are many old and new industries at Jyamirgadhi and Duhagadi areas which have augmented the trade-related activities and helped in job creations for the locals. Opening of posh hotels, casinos, and recreational parks, among others are in the offing. The Mansa Thai Foods Pvt Ltd has manufacturing instant noodles.

The industry set up at the cost of Rs 2 billion provides employment to more than 50 locals, according to proprietor Buddhi Ghimire. Likewise, around a dozen of plywood industries including Sanjivani and Siddhartha are set up with a huge investment, creating jobs to hundreds of unemployed locals. This municipality houses the highest number of cement industries in the eastern part of the country. Himalayas, Sunrise, Mega and Gorakhkali Industries have been hugely catering to the needs of cement in State 1. More than 500 people have got jobs in the cement industries.

Although a lot of Indian technical experts come to try their luck with these cement industries, the proprietors here prioritize the local human resources for labor. Sunrise and Himalayas Cement Industries General Manager Amit Poddar shared that Sunrise Cement has been manufacturing 1.5 metric tonnes of cement annually while the Himalayas produces 75,000 metric tonnes cement yearly. Likewise, the industries manufacturing the poultry feed have been mushrooming lately in this locality. Take, for instance, the Valley Agro Feeds Pvt Ltd, that was established some three months ago with the capital of Rs 450 million, produces around 10 metric tonnes of poultry feed and food per hour for the cattle.

Subash Niraula, the poultry proprietor, spoke of the need to curb the illegal import of egg and chicken from India as he said Nepal was already self-reliant in the poultry production. Similarly, the Asian Footwear Pvt Ltd at Mechninagar-10 has been producing around 5,000 footwear on a daily basis. Established at the cost of Rs 100 million, the enterprises employ 67 locals, according to its proprietor Chabi Poudel.

Mechi Chamber of Commerce and Industry’s President Rishi Timalsina said the entrepreneurs were attracted to Mechinagar municipality for running their business as there was a favorable environment for investment and safety for investors. He reasoned that the vicinity of the customs office to import raw materials from India and other favorable factors attributing to making this place suitable for industries.

A total of 384 commercial forms were registered in the last fiscal year, according to the Mechi Chamber of Commerce and Industries. More and more industries were in the process of opening, according to Timalsina. Many banks and financial institutions (BFIs) have also marked their presence in this place given the increasing volume of transactions. These BFIs have been promoting investment in the industries. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

MCA-Nepal Completes 18-km Cross-Border Transmission Line to India

by CEO Tab
September 15, 2026
0
MCA-Nepal Completes 18-km Cross-Border Transmission Line to India

The Millennium Challenge Account Nepal (MCA-Nepal) has completed construction of an 18-kilometer section of the cross-border electricity transmission line connecting the 400 kV New Butwal Substation to the...

Read more

NRB Allows Rs 100 Notes to Be Dispensed from ATMs Ahead of Dashain

by CEO Tab
September 15, 2026
0
NRB Allows Rs 100 Notes to Be Dispensed from ATMs Ahead of Dashain

Nepal Rastra Bank (NRB) has directed banks and financial institutions to make arrangements for dispensing Rs 100 banknotes through ATMs ahead of the upcoming Dashain and Tihar festivals....

Read more

NRB Expands Risk Management Framework to Cover Climate, AI and Cyber Risks

by CEO Tab
September 15, 2026
0
NRB Expands Risk Management Framework to Cover Climate, AI and Cyber Risks

Nepal Rastra Bank (NRB) has expanded its financial-sector risk management framework to cover emerging threats linked to climate change, artificial intelligence (AI), machine learning, cybersecurity and digital technologies....

Read more

Flydubai to Launch Direct Dubai–Pokhara Flights from September 23

by CEO Tab
September 15, 2026
0
Flydubai to Launch Direct Dubai–Pokhara Flights from September 23

UAE government-owned airline Flydubai will begin operating direct flights between Dubai and Pokhara from September 23, marking a significant development in efforts to expand international connectivity at Pokhara...

Read more

India Approves Extended Power Exports to Nepal Amid Flood-Induced Shortage

by CEO Tab
September 15, 2026
0
India Approves Extended Power Exports to Nepal Amid Flood-Induced Shortage

India has approved the export of up to 654 megawatts of electricity to Nepal for 18 hours a day until December 31, according to media reports, as Nepal...

Read more
Next Post

Reliance ties up with Khalti for digital payment service

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.