Revival of Gorakhkali Rubber Udhyog

Revival of Gorakhkali Rubber Udhyog

In a significant move to revive ailing public enterprises, the Nepali government has unveiled a policy to resume the operation of sick public enterprises, including the Gorakhakali Rubber Udhyog. This announcement was made by President Ramchandra Paudel while presenting the government’s policy and program for the upcoming fiscal year of 2081/82 BS (2024/2025).

President Paudel stated that the government will conduct feasibility studies and then proceed to resume the operations of these sick public industries through a public-private partnership (PPP) model. This initiative aims to breathe new life into these enterprises, which have been struggling due to various challenges.

The Gorakhkali Rubber Udhyog, a prominent public enterprise in the rubber industry, has been specifically mentioned as one of the sick industries targeted for revival under this policy. The government recognizes the importance of revitalizing such industries and harnessing their potential to contribute to the nation’s economic growth.

The PPP model proposed by the government involves collaboration between the public and private sectors, leveraging the strengths and resources of both parties. By partnering with private entities, the government aims to infuse fresh capital, expertise, and management practices into these sick public enterprises, thereby enhancing their operational efficiency and competitiveness.

This policy initiative is expected to generate employment opportunities, boost industrial productivity, and foster economic development in Nepal. Additionally, it aligns with the government’s broader goals of promoting sustainable economic growth and optimizing the utilization of public assets.

The feasibility studies to be conducted will assess the viability of reviving these sick public enterprises and identify potential areas for improvement and investment. Based on the findings, the government will formulate strategies and seek suitable private partners to undertake the revival process through the PPP model.

Stakeholders, including industry experts, entrepreneurs, and representatives from the public and private sectors, have welcomed this policy announcement. They believe that reviving sick public enterprises through a collaborative approach could unlock new economic opportunities and contribute to the overall growth and development of Nepal’s industrial sector.

As the government moves forward with the implementation of this policy, close coordination and transparent processes will be crucial to ensure the successful revival of these sick public enterprises and the realization of the intended benefits for the nation.

Leave a Reply

Your email address will not be published. Required fields are marked *

Also Read

Auspicious Time for Dashain Tika 2081
News

Auspicious Time for Dashain Tika 2081

This year, the auspicious time for Dashain Tika is at 11:36 AM. According to the auspicious time announced by the Panchang Determination Committee on Friday, 11:36 AM on Vijaya Dashami is considered the most favorable time for receiving Tika. Vijaya Dashami falls on Saturday, Ashoj 26 (October 12). The Panchang Committee has stated that the […]

Read More
Nepal Initiates First Sovereign Credit Rating Process with Fitch Ratings
News

Nepal Initiates First Sovereign Credit Rating Process with Fitch Ratings

Nepal has embarked on securing its inaugural sovereign credit rating, with Fitch Ratings spearheading the effort. A Fitch Ratings team is currently on-site, conducting evaluations and engaging with key government entities, including the Ministry of Finance and Nepal Rastra Bank, as well as private sector companies, to gauge the nation’s economic position. Obtaining this credit […]

Read More
Inactive Cooperatives May Face Deregistration in Nepal
News

Inactive Cooperatives May Face Deregistration in Nepal

In a bold move to ensure transparency and accountability within Nepal’s cooperative sector, authorities have initiated stringent measures targeting inactive and non-responsive cooperative societies. The Kathmandu Metropolitan City (KMC) and the Madhes Provincial Government have taken decisive actions, issuing warnings and cancellation notices to cooperatives that have failed to maintain regular communication and reporting. The […]

Read More