Question

There is a great possibility of development of cottage and small industries in nepal.justify​

Answer 1

Answer:

Importance of Cottage and Small Scale Industries

Cottage and small scale industries play a very crucial role in the process of economic development of developing country like Nepal. ... Such industries can be established and run by households by utilizing their own capital, raw materials and skills.

Answer 2

Reasons for great possibility of development of cottage and small industries in Nepal:

• The industrial development in Nepal started with the establishment of Industrial Council.
• The cottage industries are mostly labour intensive and they utilize local raw materials and skills to manufacture different products.
• The small scale industries include rice and cotton mills, which have small capital investment and are capital intensive.
• The cottage and small scale industries in Nepal plays a major role in the economic development of Nepal.
• In Nepal, the people are mostly dependent on agriculture which provides only seasonal employment opportunities. Here, these industries create more employment opportunities for the people.
• These industries are easy to establish in developing countries such as Nepal where less capital investment and technical knowledge is involved.
• The local resources can be utilized well as raw materials for such industries.
• The good produced by these industries can earn good foreign exchange.
• The relationship between owner and labour is quite intimate and doesn't result in any kind of disputes.
• Hence, there is a great possibility of development of cottage and small industries in nepal.

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