As the country has been facing up to 7 hours of power cut daily, business communities from private sectors have urged the government to find the alternative measures of power cut stating that daily power cut has been severely affecting the industries.
Speaking at a press conference on load shedding and its negative impact to the industrial sector, second vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Kush Kumar Joshi said that the capacity of the fully run industries had been lessen down to 25 - 40 percent due to the existing load shedding.
He also said that industrial sector would be shot down if the situation would persist and alternative measures were not sought.
"We are ready to suggest and work out with the government in this regard but the government is paying serious attentions toward solving the problem,” said Joshi.
He also said that the government must manage sufficient level of energy for industrial sectors to maintain adequate flow of foodstuff and fuel.
A press release distributed during the press conference said due to the inadequacy of supply of the energy, industrial sectors have not been able to expand and establish new industries barring opportunities for new jobs.
"It is sure that revenue will see drastic reduction following the reduction in duty, VAT, and income tax as there will be significant decrease in raw materials for the industry which has contributed revenues of Rs. 65 billion" the release read.
The release said that the power cut has directly worsened the business of hotel, information technology, various mills including iron, chemical plastic, jute, tin, garment, spinning among other.
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