Industrialization in Nepal began from 2007 B.S. after the country opened its border to the outside world.
The first basic industries were the agro-based like grain husking, oil seed extraction, jute processing, tea production etc.
Afterwards in the decade of 2020 BS, some basic industries relating to construction material production came into existence.
Then after, import substitute industries like beverages, cigarettes, textiles, agricultural tools, furniture and domestic implements were established.
In the decades of 2030 and 2040, export oriented industries like carpet and garment industries were emerged in country.
In the decades of 2040 and 2050, industrial growth were quite impressive in the area of electronics, electrical equipments, constructions, food processing, cement, sugar and energy.
The first modern industry established in the country is Biratnagar Jute Mills in the year 1992 B. S.
This sector now contributing about 16% in the GDP of the country.
In the period of Ranarchy, some efforts were made on the institutional structure for industries.
Udyog Parishad was established in the year 1992 BS with the aim to promote agriculture, industry and commerce.
Office of the Propagation of Nepali Cloth and Cottage Industries was established in the year 1996 BS as the specialized agency of Udyog Parishad.
Cottage Sales Emporium was opened in Kathmandu to market products of crafts and cottage industries.
Company Act was enacted for the first time in the year 1993 BS.
Trade and Transit Treaty with India was signed in the year 2007 BS which helped in promoting trade and commerce.
The construction of Tribhuvan Highway in the year 2013 BS facilitated the movement of people and goods linking Kathmandu with India.
About Dinesh Lamichhane
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