The tea industry will be closed due to Indian barriers!
Elam. The tea industry in Suryodaya region of Elam is going to be closed after India tightens the Nepalese tea market. Suryodaya Orthodox Tea Producers Association Nepal, to which Tripanna Industry is affiliated, has announced the closure of the industry from June 1. According to the organization, more than 300,000 kilos of Nepali tea that has reached the Indian market is stuck in the name of quality testing, while more than 700,000 kilos of ready-made tea is stored in the industry. Dilli Shrestha, president of the association, said that the industry could not be operated after the storage capacity was filled.
"We have made ready-made tea by processing green leaves bought from farmers, but it has not been sold in the market. Even the storage space has been filled', President Shrestha said, 'Payment to farmers cannot be stopped, so there is no other option but to close the industry.'
Express
Related News
Construction of two hydropower projects of 84 megawatt capacity in Rahughat of Myagdi has been completed
Kathmandu. Tundi Power Company has simultaneously constructed two hydropower projects on the Rahughat River that flows through Raghuganga Rural Municipality of Myagdi. Ghuganga Rural Municipality-4, 7 and 8 Ward No. 4, 7 and 8 of the two projects...
Due to lack of cooking gas in the market, the corporation started sales and distribution from the central office
Kathmandu. After increasing complaints about lack of cooking gas LPG in the market, Nepal Oil Corporation has started sales and distribution of gas for general public from its central office in Teku. After receiving continuous complaints from the...
Himali Hydro Fund convened a general meeting to pass the IPO proposal
Kathmandu. Himali Hydro Fund Limited is going to issue an IPO. The company has called the fourth general meeting to pass the IPO issue proposal. The meeting of the company will start from 10 am at the registered office of the company in Kathmandu...
Siddharth Bank called the annual general meeting to pass the dividend proposal
Kathmandu. Siddharth Bank has announced to distribute dividends to the shareholders from the profits of the last financial year. The bank has announced that it will distribute bonus shares at the rate of 5% of the paid...
Courage Energy and NRN Infrastructure have applied to the Securities and Exchange Board to issue 100 percent rights.
Kathmandu. Two companies have sought permission from the Nepal Securities Board to issue rights. Courage Urja Limited and NRN Infrastructure Development Limited have applied to the board demanding issuance of rightful shares at 100 percent rate.&n...
Palpa Cement will issue an IPO for the general public from February 12
Kathmandu. Palpa Cement Industries Limited is going to issue an IPO to the general public from the 12th of February. In the first phase, the company has issued and distributed IPO to local residents of industry-affected areas and Nepalese working...


