Chairman of Hetauda Cement Industry Resigns Citing 'Changed Political Situation'

Kathmandu. Narendra Bhandari, Chairman of the Board of Directors of the state-owned Hetauda Cement Industry Limited, has resigned from his post. He submitted his resignation to the Ministry of Industry, Commerce and Supplies today.

Bhandari, who was appointed for a three-year term as per the Cabinet decision on Jestha 24, 2081 BS, cited the 'changed political situation' as the main reason for resigning while his term was still remaining.

In his resignation letter, Bhandari mentioned that he continuously strived to strengthen the industry during his tenure. He claimed that despite old machinery, technological limitations, and severe financial constraints, he succeeded in keeping the industry operational, and currently, the clinker production and sales process at the industry is regular.

Chairman Bhandari also expressed dissatisfaction with the working style of the Ministry through his resignation letter. He complained that despite repeated requests for loans and grants to manage the necessary capital and operating expenses to make the industry competitive, the Ministry failed to provide any concrete policy directives or financial management.