January 8, 2024 | Investopaper
The capacity utilization of industries in Karnali province stood at 52.16 percent in the last fiscal year 2079/80.
According to a provincial study report of NRB, the capacity utilization of paper and paper related products producing industries is highest at 100 percent. On the other hand, the dairy related products manufacturing industries have the lowest capacity utilization of 20.55 percent.
Similarly, the capacity utilization of industries producing plastic products, wood related products, processed tea and readymade clothes stood at 92.86 percent, 60 percent, 51.11 percent, and 44.94 percent respectively.
Until the Ashad end of 2080 BS, banks and financial institutions have floated Rs. 3.98 Arba as loans and advances to the industrial sector of the Karnali province. This is 8.47 percent higher as compared to the same period of the previous year.
Of the total credit, Surkhet District has the highest industrial credit flow of Rs. 2.61 Arba while Dolpa has the lowest credit from BFIs that amounts to Rs. 88 lakh only.
As per the Central Bureau Of Statistics, Karnali Province is expected to contribute 4.1 percent in the national Gross Domestic Product (GDP) in the current fiscal year.