Government to review rent in Bhairahawa SEZ again

government-to-review-rent-in-bhairahawa-sez-again

, January 16

The government is preparing to review the rental fee for factories operating from the (SEZ) to lure industries inside the .

The Ministry of Industry, Commerce and Supplies (MoICS) has formed a committee under the coordination of its Joint Secretary Sovakanta Poudyal, to study and review rental fee in after the zone witnessed lukewarm response from the private sector despite numerous facilities being offered by the government to industries within the protected area.

The issue of high rental fee tops some of the issues raised by the private sector that they say is discouraging industrialists from setting up factories inside the Bhairahawa SEZ.

Initially, the government had set Rs 150 per square metre as the monthly rental charge for industries inside the Bhairahawa SEZ. However, the government had reduced the fee to Rs 20 per square metre in April 2016 following criticism from the private sector that the earlier rental charge was uncompetitive. Meanwhile, the government is preparing to reduce the rental charge further after the private sector continues to be reluctant to set up industries inside the Bhairahawa SEZ and have been sayin


Read the full story on The Himalayan Times


Read Previous

NIBL Ace appointed

Read Next

KBL to acquire Deva

Got any Comments/ Questions?