KATHMANDU, Oct 2: Nepal’s manufacturing sector, which struggled for more than one year of the impacts of the coronavirus, was able to improve its performance in the fourth quarter of the last fiscal year.
Revitalizing the operation of industries to their full capacity
A study report unveiled by the Confederation of Nepalese Industries (CNI) on Friday shows that the manufacturing industry was able to utilize 64.8 percent of their production capacity during mid-April and mid-July of the last fiscal year. In the period, manufacturers were able to increase their income by eight percent in contrast to a negative growth of 4.7 percent during the review period of 2019/20.
According to the report, 83 percent of the manufacturers have expressed their willingness to increase their investment citing a declining infection rate of the pandemic in Nepal. However, the cost of production of the industries has increased by 4.9 percent in recent times, according to the CNI study report.
