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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 54]Code Context $user = $this->Session->read('Auth.User');
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'short_content' => null,
'content' => '<div>
<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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'description' => 'The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time.',
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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'description' => 'The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time.',
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include - APP/View/MagazineArticles/view.ctp, line 55
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 62]Code Context<?php
echo $this->Html->meta(array('name' => 'description', 'type' => 'meta', 'content' => $magazineArticle['MagazineArticle']['summary']), null, array('inline' => false));?>
$viewFile = '/var/www/html/newbusinessage.com/app/View/MagazineArticles/view.ctp'
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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'description' => 'The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time.',
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'content' => '<div>
<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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include - APP/View/MagazineArticles/view.ctp, line 62
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 68]Code Context echo $this->Html->meta(array('property' => 'og:title', 'type' => 'meta', 'content' => $magazineArticle['MagazineArticle']['title']), null, array('inline' => false));?>
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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<span style="font-size:16px;"><strong>Bhairahawa SEZ to Become Operational by Mid-February</strong></span></div>
<div>
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.</div>
<div>
</div>
<div>
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01. </div>
<div>
</div>
<div>
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.</div>
<div>
</div>
<div>
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials. </div>
<div>
</div>
<div>
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Employees’ Productivity Erodes</strong></span></div>
<div>
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.</div>
<div>
</div>
<div>
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment</div>
<div>
</div>
<div>
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.</div>
<div>
</div>
<div>
<span style="font-size:16px;"><strong>Gov Confers 34 Entrepreneurs, Firms with CIP Honour</strong></span></div>
<div>
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.</div>
<div>
</div>
<div>
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.</div>
<div>
</div>
<div>
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>CIP Awardees</strong></span></div>
<div>
</div>
<div>
<strong>Exporters of top 5 goods to third countries</strong></div>
<div>
The Sangrila Carpet and Handicraft Industries</div>
<div>
Nepal Fashion</div>
<div>
Everest Pashmina Knit and Weaving Industries</div>
<div>
Triveni Daal and Oil Industries</div>
<div>
Asian Leather Industries</div>
<div>
</div>
<div>
<strong>Top exporter to India</strong></div>
<div>
Dabur Nepal, Tinkune, Kathmandu</div>
<div>
</div>
<div>
<strong>Top exporter of handicrafts</strong></div>
<div>
Everest Fashion, Sundhara, Lalitpur</div>
<div>
</div>
<div>
<strong>Top exporter of agricultural and herbal products</strong></div>
<div>
Ilam Tea Producers, Biratnagar</div>
<div>
</div>
<div>
<strong>Top two exporters to China</strong></div>
<div>
Api Himalayan International</div>
<div>
Asian Leather Industries, Duhabi, Sunsari</div>
<div>
</div>
<div>
<strong>Top exporter in female category</strong></div>
<div>
Sangrila Agro Trading, Thasikhel, Lalitpur</div>
<div>
</div>
<div>
<strong>Top foreign importers</strong></div>
<div>
Steve Tea Siver, USA (woolen carpet)</div>
<div>
Rising International Ink, USA (readymade garment)</div>
<div>
Rokiya, Bangladesh (musuro)</div>
<div>
Oto Gmbh, Germany (pashmina)</div>
<div>
Derma SRL, Italy (leather)</div>
<div>
</div>
<div>
<strong>Top Indian importers</strong></div>
<div>
Dabur India</div>
<div>
Bhusan Power and Steel, India</div>
<div>
</div>
<div>
<strong>Top Chinese importers</strong></div>
<div>
Beijing Medicine and Health Product Corporation, China</div>
<div>
Tibet Yintao Trading Company, Khasa, China</div>
<div>
</div>
<div>
<strong>Top entrepreneur in terms of job creation</strong></div>
<div>
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari</div>
<div>
</div>
<div>
<strong>Top company in bringing in remittance</strong></div>
<div>
International Money Transfer (IME)</div>
<div>
</div>
<div>
<strong>Top hotel in terms of forex earning</strong></div>
<div>
Hyatt Regency, Baudhdha, Kathmandu</div>
<div>
</div>
<div>
<strong>Top travel agency in terms of tourist numbers</strong></div>
<div>
Yeti Travels, Durbar Marg, Kathmandu</div>
<div>
</div>
<div>
<strong>Largest taxpayer</strong></div>
<div>
Nepal Doorsanchar Company</div>',
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Industries News February 2014
Bhairahawa SEZ to Become Operational by Mid-February
The government is preparing to operationalize the special economic zone (SEZ) located at Bhairahawa of Rupandehi district by mid-February. According to Krishna Gyawali, secretary at the Ministry of Industry (MoI), the SEZ will be inaugurated by that time. “As the construction of physical infrastructures is in the final phase, we are preparing to bring the Bhairahawa SEZ into operation at the earliest possible, perhaps by mid-February,” Gyawali told New Business Age.
The administrative building of the SEZ has already been completed. According to Gyawali, The government has already spent nearly Rs 540 million on this project. This is the first SEZ in Nepal. In order to promote export oriented industries and encourage domestic as well as foreign investment in them, the government had introduced the concept of SEZ in FY 2000/01.
According to sources, the government will provide land for establishing 69 industries with an investment of Rs 150 million each at the Bhairahawa SEZ. The government plans to establish 43 different kinds of export-oriented industries at the SEZ.
According to Jit Bahadur Thapa, joint secretary at the MoI, the industries inside the SEZ will get special incentives. “Industries inside the SEZ will get tax incentives including zero percent VAT on raw material and products and no excise duty on the products and services sold locally,” said Thapa. Similarly, the industries will get tax exemption on the import of machines, equipment, spare parts, vehicles and raw materials.
The industries that will be allowed to be established in the SEZ include, aluminium factory, mineral water, pulses mills, cold drinks, flour mill, dairy, tyre factories, bakery, plastic industries, textiles, automobile works, confectionary, battery, distillery, paper, gas, garments, metal and iron industries, paint industries, drug manufacturing industries, leather goods industries etc.
Employees’ Productivity Erodes
Nepali employees’ productivity has eroded in the last one decade (from 2002 to 2011), according to an official at the Ministry of Labour and Employment. The drop in productivity will affect employees overall growth, he said, adding that the productivity could ensure competitive salary and respectable employment situation.
The productivity indicator that stood at 3.71 per cent – the highest in last one decade – in 2007 dropped to -1.03 in 2011, according to the preliminary estimation of the ministry. The Employment
Coordination and Labour Relations Division under the ministry has been preparing a policy at present, confirmed joint spokesperson at the ministry, Buddhi Nath Bhattarai. According to the statistics collected by the ministry, some 12.13 million were employed in 2002. However, employment increased to 15.09 million in 2011.
Gov Confers 34 Entrepreneurs, Firms with CIP Honour
President Ram Baran Yadav on January 27 conferred 34 entrepreneurs and business organisations as Commercially Important Persons (CIP) for their contribution to the economy and commercial sector. Exporters, importers, investors, employers, foreign currency earners and tax payers, among others were awarded with a CIP identity card, a logo and a certificate amid a function held at Shital Niwas in Kathmandu. They can enjoy this status for the next two years.
The government had selected names for the CIP based on a report prepared by the CIP recommendation sub-committee formed under the Trade and Export Promotion Centre (TEPC). The list was approved by the Ministry of Commerce and Supplies.
Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on arrival visas of 15 to 90 days.
CIP Awardees
Exporters of top 5 goods to third countries
The Sangrila Carpet and Handicraft Industries
Nepal Fashion
Everest Pashmina Knit and Weaving Industries
Triveni Daal and Oil Industries
Asian Leather Industries
Top exporter to India
Dabur Nepal, Tinkune, Kathmandu
Top exporter of handicrafts
Everest Fashion, Sundhara, Lalitpur
Top exporter of agricultural and herbal products
Ilam Tea Producers, Biratnagar
Top two exporters to China
Api Himalayan International
Asian Leather Industries, Duhabi, Sunsari
Top exporter in female category
Sangrila Agro Trading, Thasikhel, Lalitpur
Top foreign importers
Steve Tea Siver, USA (woolen carpet)
Rising International Ink, USA (readymade garment)
Rokiya, Bangladesh (musuro)
Oto Gmbh, Germany (pashmina)
Derma SRL, Italy (leather)
Top Indian importers
Dabur India
Bhusan Power and Steel, India
Top Chinese importers
Beijing Medicine and Health Product Corporation, China
Tibet Yintao Trading Company, Khasa, China
Top entrepreneur in terms of job creation
Raj Kumar Golchha, Arihant Multifiber, Khanar, Sunsari
Top company in bringing in remittance
International Money Transfer (IME)
Top hotel in terms of forex earning
Hyatt Regency, Baudhdha, Kathmandu
Top travel agency in terms of tourist numbers
Yeti Travels, Durbar Marg, Kathmandu
Largest taxpayer
Nepal Doorsanchar Company
