The Ministry of Industry (MoI) has made demand of Rs 250 million to the Ministry of Finance for the operation of the Biratnagar jute mills which has remained shut for about 20 years. MoI is also doing the necessary preparatory works to re operate the shut jute mill.
The jute mill had taken around Rs 1 billion and 5.5 million loan, is yet to be paid back with its interest.
With the revival of the jute mill, it will meet nearly 75 percent of the domestic demand for jute. The Jute mill will also provide directly or indirectly employment to around 15 thousand people.
By bringing back Nepal’s first industry, Biratnagar’s Jute Mill in operation, it will also greatly contribute to the economy of the city.
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