Monday, February 14, 2011

Nepal's SME and its productivity........melting like the Himalayas

  • About 100,000 of a total of 214,000 small scale industries have already ceased operations. More than 50 percent of those present under operation are financially ailing.
  • Lengthy power cuts have forced cottage and small-scale industries in the country to reduce their production by up to 70 percent. The nation is suffering a 14-hour power cut every day.
  • Small entrepreneurs also informed that increasing bank rates was also creating difficulty for them.

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