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Fri, March 29, 2024

Less than 54% industries have resumed full operations

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According to a survey report issued by Nepal Rastra Bank (NRB) on January 12, industries are slowly returning to normalcy as the effects of the coronavirus pandemic are gradually easing. As per the report, nearly 54% of industries and factories have fully resumed their operations, while, 46% are struggling to get back into operation. The results of the survey conducted in November-December, 2020 is a marked improvement when compared to the situation in June-July when only 4% of industries had been operating fully. The report further states that the improvement in operations of big, medium and small businesses is satisfactory compared to the situation five months ago. It also states that nearly 30% of hotels and restaurants have fully resumed operations. Nevertheless, domestic industries are struggling to cover their operational expenses due to the decline in market demand
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FEBRUARY 2024

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