Agriculture Input Company Ltd
On May 8, 2002 administration changed over AIC into Agriculture Inputs Company Ltd. (AICL) and National Seed Company Ltd. under Company Act 1997 as a state claimed ventures. AICL has been appointed by the administration to obtain and appropriate manures the nation over. As Nepal does not have indigenous creation of mineral composts, interest for manures is met through importation. The administration has held hundred percent value of AICL and plans to strip it to the private and agreeable part soon.
In a noteworthy arrangement choice to help agricultural creation and to guarantee smooth supply of mineral manures, the Government of Nepal has chosen to reintroduce sponsorship on mineral and natural composts on March 25, 2009. AICL has been depended with the acquirement and circulation of sponsored composts the nation over.
Nepal is an agricultural nation. Horticulture is the most imperative area regarding wage and job era Agricultural part represents around 32 percent of national GDP. Around 75 percent of aggregate populace get its employment from agribusiness and unallied exercises. Agribusiness Inputs Corporation (AIC) was set up in 1965 as an open area undertaking to acquire and disperse astounding and enhanced agricultural inputs (composts, seeds, agro-chemicals and executes) at a sensible cost the nation over.
At first, AIC was named Agriculture Supply Corporation (ASC) before it was converged with the Food Management Committee under the new outfit, Agriculture Marketing Corporation (AMC). AMC managed both agricultural inputs and sustenance grains for around two years. In 1974 the administration chose to part AMC into AIC for the administration of agricultural inputs and Nepal Food Corporation for the promoting of agricultural produce.
On May 8, 2002 administration changed over AIC into Agriculture Inputs Company Ltd. (AICL) and National Seed Company Ltd. under Company Act 1997 as a state claimed ventures. AICL has been appointed by the administration to obtain and appropriate manures the nation over. As Nepal does not have indigenous creation of mineral composts, interest for manures is met through importation. The administration has held hundred percent value of AICL and plans to strip it to the private and agreeable part soon.In a noteworthy arrangement choice to help agricultural creation and to guarantee smooth supply of mineral manures, the Government of Nepal has chosen to reintroduce sponsorship on mineral and natural composts on March 25, 2009. AICL has been depended with the acquirement and circulation of sponsored composts the nation over.