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Simara SEZ seeks Application for Setting up Garment Industry

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Simara SEZ seeks Application for Setting up Garment Industry
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May 7: The Special Economic Zone (SEZ) Authority has issued a public notice requesting application for setting up garment industry in Simara SEZ.

The SEZ is almost ready with an investment of Rs 2 billion. The government had allocated a total of Rs 2.5 billion for the infrastructure development of the Simara SEZ.

As per the government plan, the SEZ will be spread over 833 bighas land of in three wards -4, 14 and 15 - of Jitpur-Simara Sub-metropolitan City in Bara district. The SEZ will consist of five blocks- A, B, C, D and E. Out of the total 443 bighas of block A, 165 bighas of land will be used for the operation of the garment industry.

The authority’s CEO Dr Chandika Bhatta said that a public notice has been issued on May 2 seeking application for setting up garment industry. The interested companies are required to submit their proposal within the deadline of May 31.

According to the authority’s engineer Arjun Pandey, construction works at the SEZ will be completed within five months. It will come into operation soon after the infrastructure is ready.

Sundar Thapa, an under-secretary at the authority, said that they have signed an agreement with the World Bank’s International Finance Corporation (IFC) to work under the model of public private partnership in blocks B and C.

 

 

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