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brick producers Business Federation of Nepal Brick Industries fiscal budget NBI

‘Plight of brick producers ignored’

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KATHMANDU: Brick producers have expressed their reservations towards the failure of the federal government to acknowledge the plight of brick producers within the nation by means of the fiscal funds for 2020-21.

Though the nation is self-reliant in brick manufacturing and has been using 1000’s of individuals, the federal government’s failure to assist brick factories amid this disaster was unlucky, as per Federation of Nepal Brick Industries (FNBI).

“Brick manufacturing is a seasonal enterprise and operates just for six months a 12 months. However, factories had been in a position to function for lower than three months this 12 months on account of which a majority of brick producing factories are preventing to maintain themselves,” stated Mahendra Chitrakar, president of FNBI.

As per him, the federal government ought to have lowered worth added tax price and likewise earnings tax for brick factories by no less than 50 per cent to make sure their sustainability.

“However, the funds means nothing for brick producers,” he added.

A model of this text seems in e-paper on June 2, 2020, of The Himalayan Times.

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