Saturday Nov 27, 2021
Saturday Nov 27, 2021
Civil Bank

Industrial state report made public


Nepalnews
2021 Oct 02, 9:37, Kathmandu
Confederation of Nepalese Industries Photo: CNI/Facebook

The Confederation of Nepalese Industries (CNI) has unveiled the first ‘Industrial Status Report’ (ISR)’.

The report to be launched quarterly saw its first edition, said National Planning Commission’s Vice-President Dr Bishwa Poudel.

The report incorporates the situation prevailing in the production sector, service sector, agriculture, and energy sector in the first quarter of the last fiscal year.

These industries run at 64.8 percent of their total capacity during this period, the report stated. Although the industries had recorded 8 percent rise in their income in the first quarter of the fiscal year 2021/22 against the same period last year, the income had decreased by 4.7 percent in the first quarter of 2019/20, according to the report.

The report said that the COVID-19 had affected the optimisation of the capacity of the industries and the situation was improving.

Of the industries surveyed, 83 percent of industrialists said that they were ready for new investments. Till the first quarter, 69.7 percent of industries were using generators for energy to run their industries.

Vice-President of the Commission Dr Poudel said that the report had reflect the real situation of the industries in the country. He urged for continuity of the report.

Likewise, CNI’s President Bishnu Kumar Agrawal said that the report would show that how the private sector was working as a think tank agency. The research cell of the CNI prepared the report which would be useful for the government for policy-making and intervention at policy level.

READ ALSO:

Industrial Status Report Confederation of Nepalese Industries CNI ISR report National Planning Commission business industry

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