788 new small, cottage industries registered

Tanahun, August 4

A total of 788 new cottage and small industries were registered in the Office of the Cottage and Small Industry in Tanahu district in the fiscal 2017-18.

More than Rs 5.3 million was collected in revenue from registration, renewal and dissolution of small industries.

According to the OCSI, Tanahun, among the newly registered industries, 593 industries were categorised as small industries, 146 as micro enterprises and 49 as cottage industries.

It is stated that registration and operation of cottage and small industries had increased in the district and the country over the years due to investment-friendly climate after formation of a strong government.

To encourage entrepreneurs and promote small industries, the government has provisioned tax exemption in the registration of the new cottage and small industries.

Altogether 862 new industries were registered in the district in the fiscal year 2073/74, shared OCSM, Tanahu’s junior officer Menaka Jamarkattel.