Page 297 - 9 teachers social book 9 @ 2077 ctp_Neat

Lesson Medium and Large Scale Industries
8.4

FACTS “Each country is different. Keep an open mind and you will be
to Understand able to find where the niche entry level lies - the areas where
there are gaps. You have to keep an ear to the ground and
you can find a business opportunity.”
- Binod Chaudhary

According to the Industrial Enterprises Act BS 2054 (amended) medium scale
industries are those having the fixed capital from 3 crore to 10 crore, huge areas
with modern machines and more manpower. The Large Scale industries are those
which have the fixed capital of more than 10 crore with modern heavy machines, more
human resources and more space.

The major products of such industries are sugar mill, cement factory, beverage
industry, iron industry, leather factory, jute industry, paper industry, cigarette
industry, textile factory, tea industry, brick industry, soap industry, etc. These are
the examples of medium and large industries established in Nepal. The economy of a
nation is highly dependent on industry.

Importance of Medium and Large Scale Industries

Industries play an important role to improve the economic growth of the country.
It creates the employment opportunities and makes the country self-reliant in the
necessary goods and services. The importance of medium scale and large scale
industries are as follows:

1. Growth in National Income
Industries increase the employment and per capita income of the country. The
development of industrialization increase the economic activities. As a result, there is
improvement in the national income.

2. Creation of Employment Opportunity

Every year many Nepalese youths are going abroad in search of jobs. It is
because there is less employment opportunities. If medium and large scale industries
are established in the country, they can get jobs in their own country and the
problems of unemployment can be reduced. According to the statistics published by
the department of industries, altogether 112 large industries and 93 medium scale
industries are established in BS 2069/70.
3. Backbone of Economics Development

Industries produce large scale of industrial goods which enhance the trade and
business the country can be self reliant in terms of industrial goods and can export
those goods to foreign countries.

297 Dynamic Social Studies - Book IX