Kathmandu, May 8 -- Prime Minister KP Sharma Oli called on the private sector in February to submit concrete proposals for reviving sick industries under a public-private partnership model. Acting on that call, the government has approved an investment management plan to rejuvenate seven long-defunct state-owned enterprises.

A recent Cabinet meeting greenlit the government's plan, which includes developing investment strategies, tax policies, and asset management approaches for the selected industries.

These seven entities-Janakpur Cigarette Factory, Gorakhkali Rubber Industry, Udayapur Cement Factory, Hetauda Cement Factory, Nepal Metal Company, Butwal Yarn Factory, and Nepal Orient Magnesite-are among the most prominent failed industr...