The Nepal government has allowed Nepal Army (NA) to operate a garment factory to manufacture products needed for its personnel. This will be set up in Kathmandu.
The government took this decision at the 228th meeting of the Industrial Promotion Board (IPB), chaired by Industry Minister Som Prasad Pandey, on Tuesday (March 15). As per the proposal, NA will invest Rs 77.5 million on the factory.
Maheshwor Neupane, Member Secretary of IPB said “They have been given a waiver because NA proposed to produce garment products only for their personal use,” He further pointed out that “The waiver is not for the private sector.”
This is the first time that NA has got the approval to run a factory. The garment factory will be registered under the name ‘Bahu Byabasayik Udyog’, located at Kalikasthan in Kathmandu. The company was previously registered with Department of Industry (DoI).
According to Nepalese Army’s proposal, the industry will have a fixed capital of Rs44 million and working capital of Rs4.5 million. Furthermore, they have intended to produce 30,000 jerseys, 64,000 vests, 342,000 socks, 124,000 blankets, 50,000 mosquito nets, 50,000 caps and 50,000 bags with 41 army personnel employed in the factory.
