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Increasing Property Rent In Industrial Estates
By KTM Metro Reporter
May 9, 2013: the Industrial District Management Committee decided to increase the rent by 250 percent on houses and 560 to 960 percent on land at the state-owned industrial estates on March 25, 2013; Federation of Nepal Chambers of Commerce and Industry (FNCCI) condemned the unilateral decision of Industrial District Management Committee on increasing the rent on the land and buildings at the industrial estates, according to nepalnews.com
In a press statement issued yesterday, FNCCI said the decision was against the consensus forged between the Federation and the Committee 16 years ago. FNCCI said that the rent on the buildings and land at the Industrial Estates should be following the deal the FNCCI and the Committee had reached in 1997.
Hurdles to the industrial development have been the arbitrary actions of the government appointed management committees to oversee the industrial development, and the arbitrary tax collections. Another obstacle is the transport syndicate that have looted the people and industrialists setting the price of transport a number of times higher than what would have been if all other transporters were allowed to compete. The government has not been able to break such a syndicate. The labor problem has been the chronic disease in the Nepalese industrial development. You can hire laborers but cannot fire them. You keep them at any cost.
