Nepal’s IME Group, widely known for its work in remittance and finance, is now stepping into a new arena — manufacturing. Even in the face of COVID-19 challenges, the company has made bold moves to strengthen Nepal’s self-reliance and reduce dependence on imports.
IME Group has set up the Nepal Pulp and Paper Industry in Mahottari district with an investment of NPR 2 arba (Rs. 2 billion).
This factory produces 75 tons of paper daily, targeting to cut Nepal’s paper imports by 30%. This is a significant step in reducing foreign dependence and supporting local industries.
In Rautahat, IME has launched the Everest Fiber Cement Board Industry, which produces fire-resistant cement boards. These boards are especially useful in fast construction projects, like prefabricated buildings.
What’s more, over 40% of the workforce in this factory are local women, creating both jobs and opportunities for economic empowerment.
By diversifying its investments and focusing on local production and skill development, IME Group is helping to build a more self-reliant and industrially strong Nepal. These initiatives not only reduce imports but also create thousands of local job opportunities, especially for women and youth.
