BIZ BRIEFS

JSM to resume soon

KATHMANDU:

Jyoti Spinning Mills (JSM) is set to resume its operation very soon. It has closed down its operations after the Maoists bombed the mill. JSML said that repairing and maintenance of damaged machines and other parts of the factory is on. “The operation of the mill came to a grinding halt following explosion on August 17. With the closure of the factory, over 1,000 employees have become jobless,” a press note said. — HNS

Industrial policy

BUTWAL:

Dr Champak Prasad Pokharel, NPC member, speaking at an interaction on ‘Industry security and challenges’ organised by the Nepal Industry Association here, has said that the government is framing national policy for sustainable development and protection of the industries in the country. — RSS

Contraband seized

KATHMANDU:

The Armed Police Force, revenue patrol team, Birgunj has confiscated goods worth Rs 340,000 that had been smuggled from India into Nepal. The goods have been handed over to Customs. — RSS