In a new update encouraging entrepreneurship culture in Nepal, a group of 27 youth entrepreneurs have together established a Rs 150 million venture.
The 27-member team has established a notebook factory at Parasahawa in Tilottama Municipality-17, Rupandehi.
This project has been executed under Annapurna Multi Easy Industries, subsidiary of Bhairahawa Commercial Investment Company Pvt Ltd., and is the company’s third venture.
Speaking on the occasion, the company Chairman Narayan Prasad Bhandari said the factory will start producing notebooks very soon, and is planning to donate the first lot to the orphanage children as under Corporate Social Responsibility.
The plant holds capacity to produce 10,000 notebooks per day, and the factory has already set up manufacturing units for packaging carton and cardboard.
With the new factory, the company now owns 3 manufacturing units with 100 employees.
Inaugurating the new factory, Province 5 Education and Industry Minister Lila Giri stressed on the significance of small-scale manufacturing industries as a strong foundation to build larger industries and curtail rising imports.
The promoters of the company are planning to establish 10 factories in the next ten years taking the employee strength to 1,000 persons.
The group has already invested NPR 280 million with a target to raise NPR 1 billion investment.
Hope the new initiative will encourage and pave a way for more Nepali entrepreneurs!