The recent floods triggered by the unseasonal rainfall have inflicted severe damage on the Sunsari-Morang Industrial Corridor.
The floods from October 18-20 have caused a financial loss of around NPR 2.5 billion.
According to the Industry Association in Morang, a total of 41 industries in the Sunsari-Morang Industrial Corridor suffered a loss totaling to NPR 2.471 billion.
As per the study report released by the Association, NPR 981.718 million loss was incurred in machine tools, NPR 712.57 million in raw materials, and NPR 764.05 million in finished goods.
Likewise, sanitation and waste management incurred a loss of NPR 17.1 million. The daily administrative expenditure of 41 industries is around NPR 50 million.
Among the 41 impacted industries, a total of 27 industries came into operation in a week. Meanwhile, around seven industries are about to come into operation in the next two weeks.
“It will take another four weeks for three industries to come into operation and more than four weeks for four industries to come into operation,” mentioned Chudamani Bhattarai, Director General of Industries Association Morang.
Stay Tuned to NepaliSansar for Latest Nepal Business News!