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Govt won't make fresh investment on industries: Jha

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RAJBIRAJ, Jan 23: Minister for Industry Anil Kumar Jha has said the government is not in a situation to make fresh investment in industries.



Speaking at an all party discussion program in Rajbiraj on Wednesday, Jha said the government is unable to make new investment in industries as most of the government-owned industries are in ruins. [break]



“Most of the government-owned industries are in trouble. As it is becoming difficult to breathe a new life on them, the government is not in a condition to make fresh investment,” added Jha.



Jha said the government should encourage private enterprises instead. “It would be better to encourage private sector to make fresh investment on industries,” he added.



Minister Jha also said the government was not interested in operating industries in Rajbiraj Industrial Area where industrial units are closing one after another. The industrial area, which was built with support of Indian government, has 10 industrial sheds and a workshop.



“We can provide discount on rent and other subsidies to attract the private sector to establish factories in the area,” Jha opined.



He further said the industrial area is not feasible as industries there will have to import raw materials all the way from Birgunj or Biratnagar customs which ultimately increases their operational cost.



Entrepreneurs present at the program requested the government to construct Rajbiraj- Kunauli road so that the raw materials can be imported and products can be exported via the nearest customs point.



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