The Ministry of Industry (MoI) has said that it will adopt various modalities to initiate the privatisation process of Public Enterprises (PEs) based on the nature of the concerned public enterprises and their status.
Endorsing the Immediate Action Plan to Reform Governance and Economic Sector, the government had decided to bring in the private sector to operate loss-making PEs in October.
The ministry has been working on to implement the action plan adopted by the government, said spokesperson at the ministry Yam Kumari Khatiwada, adding that it has asked the Finance Ministry to manage funds for the retirement process of employees at Janakpur Cigarette Factory.
MoI will take a further decision only after the government has decided on the fate of the existing employees, she added.
Similarly, MoI has forwarded a proposal to the cabinet asking it to reshuffle the executive committee at Birgunj Sugar Mill. “The committee will be responsible for recommending an appropriate way out to settle the liabilities and manage the employees of the mill.”
Public Enterprises Directorate Board — formed by the government to provide direction to public enterprises in plan formulation, monitoring, evaluation and operation, and to make the process of appointment of Public Enterprises Board chairman and executives transparent — had recommended the government to privatise Birgunj Sugar Mill.
The board has clearly recommended the government not to invest in the factory and allow the private sector to operate
it, said chairman at the board
Bimal Wagle.
Similarly, Khatiwada informed that Nepal Industrial Development Corporation (NIDC) has written to the Finance Ministry to purchase the land of Himal Cement Industry. “NIDC tried to sell the land and equipment of Himal Cement as the latter failed to clear its loan many times but could not find an appropriate buyer,” she said, adding that the plan to construct a convention centre on the premises of the factory will start only after the government clears NIDC’s liabilities.
The government has started the liquidation process of
Hetauda Textile Factory and Ministry of Industry will take
further steps regarding the operation of the factory only after its liquidation process is over.
In the action plan, the government said that it will operate an appropriate industry on the premises of Janakpur Cigarette Factory, one of the largest tax payers till a couple of years back, and also plans to build a convention centre on the premises of Himal Cement.
The government had also decided to lease out Birgunj Sugar Mills to either the private sector or a cooperative. It had asked the Ministry of Industry to prepare an action plan to lease out the factory within one-and-a-half years.
Similarly, the government had also pledged to resume the operation of Agriculture Tools Factory, which was liquidated by the government in 2003 March, with the involvement of the
private sector.
Endorsing the Immediate Action Plan to Reform Governance and Economic Sector, the government had decided to bring in the private sector to operate loss-making PEs in October.
The ministry has been working on to implement the action plan adopted by the government, said spokesperson at the ministry Yam Kumari Khatiwada, adding that it has asked the Finance Ministry to manage funds for the retirement process of employees at Janakpur Cigarette Factory.
MoI will take a further decision only after the government has decided on the fate of the existing employees, she added.
Similarly, MoI has forwarded a proposal to the cabinet asking it to reshuffle the executive committee at Birgunj Sugar Mill. “The committee will be responsible for recommending an appropriate way out to settle the liabilities and manage the employees of the mill.”
Public Enterprises Directorate Board — formed by the government to provide direction to public enterprises in plan formulation, monitoring, evaluation and operation, and to make the process of appointment of Public Enterprises Board chairman and executives transparent — had recommended the government to privatise Birgunj Sugar Mill.
The board has clearly recommended the government not to invest in the factory and allow the private sector to operate
it, said chairman at the board
Bimal Wagle.
Similarly, Khatiwada informed that Nepal Industrial Development Corporation (NIDC) has written to the Finance Ministry to purchase the land of Himal Cement Industry. “NIDC tried to sell the land and equipment of Himal Cement as the latter failed to clear its loan many times but could not find an appropriate buyer,” she said, adding that the plan to construct a convention centre on the premises of the factory will start only after the government clears NIDC’s liabilities.
The government has started the liquidation process of
Hetauda Textile Factory and Ministry of Industry will take
further steps regarding the operation of the factory only after its liquidation process is over.
In the action plan, the government said that it will operate an appropriate industry on the premises of Janakpur Cigarette Factory, one of the largest tax payers till a couple of years back, and also plans to build a convention centre on the premises of Himal Cement.
The government had also decided to lease out Birgunj Sugar Mills to either the private sector or a cooperative. It had asked the Ministry of Industry to prepare an action plan to lease out the factory within one-and-a-half years.
Similarly, the government had also pledged to resume the operation of Agriculture Tools Factory, which was liquidated by the government in 2003 March, with the involvement of the
private sector.
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