INDUSTRIAL DEVELOPME

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The Industrial Development Project is part of IDA's continuing efforts in assisting the Government to promote industries in Nepal with greater private sector participation. Project components include: (a) a line of credit to NIDC to finance industrial investment projects; and (b) technical assistance and training to NIDC in strengthening operational standards and procedures particularly in project implementation, project supervision and management information. There is also a project component involving; (c) consultancy and advisory services to improve formulation and implementation of industrial and export incentives, tourism promotion, and efficiency and quality of leather goods production and to assist in formulating a development program for the light engineering subsector. Finally, the project provides; (d) foreign exchange funds to establish an Import/Export Facility for export oriented enterprises. The project does not contain any unusual risk.