June 20: A study report released by the Confederation of Nepalese Industries (CNI) has shown that 64.4 percent of the industries in Nepal are still relying on generators for day-to-day operation due to lack of regular supply of electricity.

The data was published in the third issue of the Industrial Status Report released by the Confederation after studying the industrial activities of Nepal's industries.

The report includes detailed information of the manufacturing industry and service sector industries in the second quarter of the current Fiscal Year 2078/79. The report shows that industries utilized 71 percent of their total production capacity during the review period.

The report shows that the income growth rate of the industry increased by 27.1 percent in the second quarter of the current Fiscal Year as compared to the corresponding period of the previous Fiscal Year. According to the report, it is clear that the capacity of the business is improving.

During the review period, manufacturing industries paid an average interest of 9.4 percent and service sector industries paid an average interest of 9.1 percent. The study shows that manufacturing industries borrowed 43.8 percent of their capital from banks and financial institutions. These industries borrowed 54.1 percent in the corresponding period of the previous year.

Among the participants in the study, 65.5 percent said that they are ready for new investment.

Unveiling the report, President of the Confederation, Vishnu Kumar Agrawal said that the report also shows how the private sector is working as a think tank. He said that the confederation is not only giving suggestions but also trying to present a realistic picture of the industry through this report. Agrawal said that the confederation is working by prioritizing the development of the industrial sector and job creation.