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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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August 3: The private sector is dissatisfied with the decision of Industrial Area Management Limited (IDM) to increase the rental charge of all 10 industrial estates. The Confederation of Nepalese Industries (CNI) has requested the government to withdraw the decision immediately, stating that the investment in the country's industry will be affected due to the increase in rate. The CNI argued that the increment has discouraged the private sector.
A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision.
Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.
CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.
The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems.
The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.
CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.
Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A sub-committee on fares, tariffs and service charges formed by IDM had recommended the new fares to be effective from 17 July 2018. The industrialists had expressed their displeasure during that time after the maximum annual charge for using the industrial areas was increased by 687 percent. After that, the then Minister for Industry instructed the concerned bodies not to implement this provision. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prakash Khadka, information officer of IDM, said that now the IDA has started writing to the industries to comply with the same provision.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI has been asking for an immediate refund of the increased rental charge in the industrial sector to create a conducive environment. CNI made this request after meeting Minister for Industry, Commerce and Supplies Dilendra Prasad Badu on Tuesday. A team led by the Acting President of the Confederation, Krishna Prasad Adhikari met Industry Secretary Arjun Prasad Pokharel and asked IDM to give continuity to the previous provision of rental charge . A meeting of IDM held on June 6, 2021 had decided to collect the additional charges that were due since July 17, 2018.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The CNI expressed objection stating that IDM has been seeking demand charge for stored equipment, collecting fees even for the water extracted through boring by the industries themselves and raising the rent of the land in an unwanted manner. The executive chairman of the federation said that the industries cannot bear the increase in rent from 98 percent to 687 percent until the industries affected by Covid-19 are able to recover. He urged the concerned authorities to create a conducive working environment by quickly solving the problems. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The acting presiding of CNI also pointed out the need for restructuring the IDM. He argued that the decision of IDM will result in the collapse of existing industries and the country's dream of import substitution and export promotion through the promotion of manufacturing and industrial sectors will not be fulfilled.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">CNI informed that the IDM has denied extending contract period of land and also refused to issue recommendation letter for the industries to apply for bank loans in case they did not pay the new rate.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Minister Badu expressed his commitment to find a long-term solution after discussion with IDM. IDM has set different rates for manufacturing and non-manufacturing industries. Depending on the industrial sector, the rental fare is less or more.</span></span></span></span></p>
<p> </p>
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