Asia/Kathmandu

Nepal Cottage and Small Sectors Expo profits hit Rs 50 million

The 30th Nepal Cottage and Small Sectors Expo concluded on Sunday, grossing Rs50 million in business deals. The five-day expo was structured by the Federation of Nepal Cottage and Small Sectors. Based on the organizer, the expo exceeded targets buoyed by strong sales of organic foods, all goods and food grains from the mountains.

Surya Bahadur Kandel, vice-president of the Federation of Nepal Cottage and Small Sectors said the fair was effective in generating business, marketing, and networking, specifically for entrepreneurs from remote regions.

A complete of 195 stalls, comprising cottage and small entrepreneurs from 77 districts, welcomed nearly 180, 000 visitors, declared the organizer. Kandel said the government had allocated Rs75 million for the fair.

Narendra Bahadur Rokaya, the possessor of Shramjibi Nepali Hatey Kagaj Udhyog from Jajarkot, had a presence at the expo and highlighted the transportation issues plaguing his business and others. “We need to manually carry the lokta paper, walk for a day before we reach the market,” he said. He believed that his enterprise has been producing 100 pure lokta paper using local raw materials.

Rokaya declared that lokta paper has a good market in foreign nations, particularly in Japan. Kandel also acknowledged the problems faced by the cottage and small sectors. The first one is the registration hassle. “Entrepreneurs have to run here and there just to register their business,” he said, adding that one window service has to be introduced to register an enterprise. Likewise, banks and financial institutions are reluctant to give special credit facilities to small entrepreneurs. “One needs to try very hard to get a loan,” he said.

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