27 youth entrepreneurs set up notebook factory investing Rs 150 million

April 16, 2019 04:00 AM MOHAMMAD HABIB


BHAIRAHAWA, April 16: Twenty-seven youth entrepreneurs have teamed up to establish a notebook factory at Parasahawa in Tilottama Municipality-17, Rupandehi, with an investment of Rs 150 million.

This is the third venture of Annapurna Multi Easy Industries, a subsidiary of Bhairahawa Commercial Investment Company Pvt Ltd.

According to company chairman Narayan Prasad Bhandari, they will start production of notebooks soon and will donate the first lot to the children of an orphanage, as part of corporate social responsibility. The plant has a current capacity of producing 10,000 notebooks every day.

Minister for Tourism, Industry, Forest and Environment of Province 5 Lila Giri inaugurated the factory on Monday. Addressing the ceremony, he said that small-scale manufacturing industries are important for reducing the rising imports. He added that such small-scale industries can lay the ground for larger industries.

With this factory, the company has a total three manufacturing units with 100 employees. The factory has already set up manufacturing units for packaging carton and cardboard.

The promoters of the company have announced that they will establish 10 factories in the next ten years and will employ 1,000 persons. The group has already invested Rs 280 million, targeting to raise the investment to Rs 1 billion.

 



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