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The Rising Nepal | Nepal's First English Broadsheet Daily. Nepal News
3 sources · 3 articles
Started 3 days ago · Updated 3 days ago

Government Vows to Revive Hetauda Cement Industry Amidst Financial Crisis

Photo · risingnepaldaily.com

Minister for Industry, Commerce and Supplies, Gaurikumari Yadav, inspected the state-owned Hetauda Cement Industry, which has been facing prolonged financial and operational crises. Minister Yadav stated that the government is studying ways to resume its regular operation and reaffirmed a commitment to reopening all closed state-owned industries, arguing their closure impacts employment and the national economy.

  • The industry shut down due to outdated machinery, frequent breakdowns, and raw material shortages caused by financial difficulties.
  • Employees have not received salaries and benefits for the past 11 months, and the industry owes dues to raw material suppliers and electricity bills.
  • Technical experts noted that the industry's equipment is redundant and incapable of efficient production, requiring state intervention.
  • The Hetauda Cement Industry was established in 1976 and began production in 1986.

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