Economy News The Rising Nepal (Daily)

BY A STAFF REPORTER

Kathmandu, Mar 9:Just a year ago an enthusiast industrialist set up a leather shoe industry in the Terai area with a huge sum of capital investment. The production also came to the market. But unfortunately, its production could not exist at all. Ultimately the industry failed to exist. Similar was the case with a departmental store established in the heart of the capital which could not survive even for three months. There arises a question why some industries become successful while others fail to do so.

Despite having adequate infrastructure and potentials, a substantial number of industries being established in different sectors have often failed to achieve a desired success not because of capital crunch, but due to lack of proper information.

It is said that there is a practice of establishing business houses and industries on the basis of rough estimation which lacks proper analysis and observations. As a result, an industry or business house becomes successful, say experts.

They are of the view that the main reason of the failure of industries and business is the lack of information.

Since there is always cut-throat competition in the market, how can one expect to become successful without having proper information about business industries, experts question.

On the one hand, most of the industrialists are unaware of the information, and on the other, there is not any mechanism of counselling. Having considered this, a group of business and industrial professionals established an organisation named Industrial Information Centre (IIC) in 1992 with the aim of collecting and disseminating reliable information for the establishment, growth and diversification of business enterprises and industries.

According to Sneha Sayami, executive director of the IIC, it mainly collects and disseminate the needful information regarding business and industries in the country. Italso helps identify the need of potential cottage, small and big entrepreneurs to enable them to run their business houses successfully. Besides, it also designs appropriate business projects and conduct short term management and skill development training.

The centre also facilitates technical collaboration, joint venture, technology transfer and prepare feasibility studies and detailed survey of the market.Though there is no practice of two - way interaction between buyers and sellers, the centre conducts such meeting and arrange business tours so as to promote business and industries in the country. Apart from these activities the centre also helps business- men and industrialists in mobilising their resources in proper areas and find market.

Other Stories