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ITC joint venture Nepal's second highest tax payer 

Jump to full article: Central Chronicle (in), 2009-05-11

Intro:

Despite growing labour trouble, tobacco giant ITC's joint venture in Nepal remains one of the top tax payers in the Himalayan republic, coming second after the state-run Nepal Telecom.

Surya Nepal, ITC's joint venture with British American Tobacco and private Nepali shareholders including members of Nepal's former royal family, was the second-highest tax payer in 2007-08, according to Nepal's apex bank Nepal Rastra Bank (NRB). . . .

Besides being Nepal's biggest manufacture of tobacco products, the nearly 30-year-old ITC joint venture has diversified into garments manufacturing in Nepal.

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