Factories in Morang, Sunsari Shut Down

Around 200 factories have been shut down for indefinitely in Sunsari and Morang, according to Morang Industry Association.

Among the closed factories, 50 are big, 150 middle and 50 small ones. "Most of the industrial units were closed in the wake of deteriorating peace and security condition, however remaining were shut down due to strikes, labour problem, lack of market, skyrocketing prices of raw materials and shortage of electricity, said Somnath Adhikari, officer at the Morang Industry Association (MIA).

"We have repeatedly requested the government to resolve all these problems but it didnot show any concern forcing the factories to shut down," he added.

"These factories could help boost market and increase export provided they have been let operate smoothly," Adhikari said adding that around 10,000 Nepalis will immediately get employment, if these industries resume operations.

Crescent Nepal had established a big factory at Bhamari of Sunsari but it was closed before starting its operation due to forceful donation and threatening since its foundation stone was laid.

According to the association, though the security situation has improved lately the factory owners don't want to take risk because of electricity crisis.

The closure of industries has also affected some banks putting their investment at risk.