Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Special Economic Zone Authority (SEZA) is preparing to invite industrialists to submit proposals for the operation of the Special Economic Zone (SEZ) in Bara. Investment worth Rs 3 billion has already been poured into the Simara-based Special Economic Zone while the authority has already set up 68 plots of land for the operation of industries.
SEZA is urging the industrialists to start their business within a month and open all kinds of industries in Simara SEZ. The SEZ is especially targeting garment industries.
SEZA is preparing to operate Simara SEZ at a time when the country’s first Special Economic Zone in Bhairahawa is not fully operational. SEZA’s Executive Director Chandika Prasad Bhatta said that the construction of infrastructure in Simara SEZ has reached the final stage.
Other infrastructures related to the SEZ such as sewerage, water, road construction have been completed, and now necessary work is ongoing for internal electrification. He said that 15 MW of electricity is needed immediately for the SEZ.
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