July 29: In the fiscal year 2022/2023(2079/80), a total of 322 industries were registered with the Department of Industry. According to the progress report of the last fiscal year released by the department, 322 industries were registered, including both domestic and foreign industries.

These registered industries proposed a total investment of Rs 214 billion. The department stated that newly-registered industries would create 23,324 jobs. Among the registered industries, 66 are large-scale industries, 70 medium-scale industries, and 186 small and cottage industries.

As per the Industrial Enterprise Act, 2076, industries with a stable(fixed) capital of over Rs 500 million are  categorized as large-scale, those with a fixed capital between Rs 150 million to Rs 500 million are classified as medium-scale, and those with a capital of up to Rs 150 million are categorized as small and cottage industries.

In the Department of Industry, five patents and 18 designs were registered in the last year. Similarly, the number of registered trademarks reached 3,254.

In the last one year, the department took action against 150 companies on cases related to trademark. Additionally, 82 Initial Environmental Examinations(IEE) were approved.  During the same period, 404 industries were certified by the department to receive cash grants for export promotion (Value Addition).

For India-bound exports, 98 certificates of origin were recommended. The number of foreign investments approved by the Department of Industry in the last fiscal year was 327. The department revealed that it received proposals for a total of Rs 33.14 billion foreign investments from the those industries.