Foundation laid for largest industrial park in Nepal

03 Mar 2021 CW Team

The foundation stone for Nepal's largest industrial park—Damak Clean Industrial Park, located in the Jhapa district has been laid by Nepal Prime Minister KP Sharma Oli.

The Damak Clean Industrial Park is a Nepali-China joint venture (JV) along and is being implemented by Jing Ping Joint Creation Construction Project Development Co Ltd from China and Lhasa Economic and Technological Development Zone Investment Co Ltd.

According to the project plan, the industrial park is expected to host modern industries for transportation equipment, producing white goods, textile and garments, and food processing, among others.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

A total of 192 small, medium sized and large factories are expected to be set up inside the industrial park in the first phase.

According to the Nepal government, a significant portion of the industrial park will be developed in the next two years. Infrastructure development is expected to be completed in the next five years.

Govinda Thapa, President of Damak Clean Industrial Park, told the media last week that all the preparatory works have been completed, and construction work is set to begin.

Ongoing Activities in the Damak Industrial Park:

Cadastral survey
Improvement of the land
River training works
Extension of industrial land
Bridge construction
Road construction
Design of civil works
Scoping of environmental impact assessment(EIA)

Image Source

Also read: Industrial warehousing, a key demand driver for foreign investors

Also read: 11 industrial parks to come up in Mumbai and Pune

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..