Inaugurating a factory of Yoga guru Ramdev's Patanjali Ayurveda in southern Nepal's Bara district, Bhandari said the new venture has helped create employment opportunities in the country.
Nepal is rich in biological diversity and it is the need of the hour to conserve herbs that are available within in the country, Bhandari said.
Minister for Agriculture Gaurishankar Chaudhary said Nepal's highland was home to herbs production and insisted on their proper utilisation. Balkrishna also underlined the need for opening a herb research centre in Nepal.
The Patanjali Ayurved factory has an ambitious plan to generate employment for 10,000 Nepalese youths in the next ten years when the factory is expected to manufacture herbal products worth Rs 100 billion.
Established with a total of Rs 1.6 billion joint investment from Non Residents Association of Nepal and Patanjali Yogapeeth and brought into operation eight months ago, the factory produces 55 types of essentials, including food and cosmetic items.