KATHMANDU, 1 March, 2021 (TON): On Sunday, Prime Minister of Nepal, KP Sharma Oli laid the foundation stone in Jhapa district that would set up a total of 192 small, medium-sized and large factories inside the park.

The park would be the largest in the country of Nepal.

The media reported that Damak Clean Industrial Park, a Nepali partner for the joint venture along with Lhasa Economic and Technological Development Zone Investment Development Co. Ltd and Jing Ping Joint Creation Construction Project Development Co. Ltd from China are working on the project.

The China-Nepal Friendship Industrial Park is expected to host enterprises of producing white goods, transportation equipment, and textile and garments and food processing, among others.

A significant portion of the industrial park will be developed in the next two years and around 45,000 people are expected to be employed during the first two years of the development phase, PM said.

"Infrastructure development is expected to be completed in the next five years employing tens of thousands of people," he said during the foundation stone laying ceremony on Sunday.

"Modern industries will be set up inside the park helping the country's industrialization."

However, the development of China-Nepal Friendship Industrial Park is part of the Kathmandu government's industrialization drive, and that it will help the country achieve economic prosperity.