Dharan (Sunsari), July 8: As the current fiscal year 2082/83 BS draws to a close, five new manufacturing industries have been approved to set up operations at the Dharan Industrial Estate.
The approvals follow the cancellation of leases held by long-idle factories, paving the way for fresh domestic investment worth around Rs 350 million, according to Jeev Narayan Banjade, Chief of the Dharan Industrial Estate Office.
The new industries are expected to create direct employment for around 350 people once they come into full operation, Banjade said.
The newly approved industries are Preeti Valve and Fitting Industries, GD Steel Industries, Siddi Vinayak Cottage Industry, JR Ventures and Surya Diamond Industries.
However, the lease agreement for Surya Diamond Industries is still awaiting final approval from the central office.
The industries will manufacture a range of products, including water meters and fittings, construction materials, food products, animal feed and household utensils.
Banjade said the leases of five inactive industries were cancelled after all legal procedures, including public bidding and lease transfers, had been completed.
He said the Industrial Estate had prioritized production-oriented industries to help substitute imports, boost government revenue, strengthen the local economy and explore export potential.
Some of the products also have export potential, he added.
Established in 2032 BS, the Dharan Industrial Estate currently houses 35 industries. Of these, 30 are in operation while five are in the process of being established. Together, these industries provide employment to around 1,000 workers.
