Nepali Times
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Sick mill


Lack of working capital and raw material forced closure of the Hetauda Textile Industry last week. The mill, with an annual capacity of 11 million metres of textiles, had been operating only for a few hours each day since early November until raw materials finally ran out last week. This is not the first time the factory has stopped weaving, and every time the operations halted, the government has restarted the looms by injecting more money. This has cost the government over Rs 85 million till date. Factory sources say they need Rs 130 million to get working, after paying overdue salaries and making provident fund deposits.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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