Furniture Market of Nepal
Introduction:
Arun Furniture Udyog since past 15 years has been producing quality furniture products. The organization with its efficient management skills has been a leading furniture producer in and around Biratnagar sub – municipality. The company produces a range of wide variety of wood products. Designer beds, tables, showcases and ply-woods are few if to be named some. Since its establishment many other furniture manufacturers entered the market with many lucrative packages but the organization “Arun Furniture Udyog” still leads and controls a large share of the furniture market in the city.
The organization has been conducting its production on ….acres of land. It has been employing 5 workers permanently and more 3 workers contingently, which are employed at the time of high demand season (wedding season).
The organization has been dealing with the production of furniture products (bed, showcases, tables etc.) as well as fire woods as a by-product.
Process of establishment:
All the industries are established under the license of industries association and Inland Revenue Office as their size registration process differs.
The organization falls under small cottage industry and the organization has gone through all process of legal establishment process which were as follows:
1) Reference letter was obtained from small and Cottage industries Office.
2) No- Objection letter was obtained from Biratnagar sub – municipality.
3) The organization was then provided with a reference letter from ward committee office.
4) Finally the organization was registered on Inland Revenue Office.
The PAN or VAT Number is provided as per the transaction size and it has to be renewed yearly.
Minimum initial investment for furniture manufacturing industry was found out to be around Rs.50000.
Production process:
Arun Furniture Udyog since past 15 years has been producing quality furniture products. The organization with its efficient management skills has been a leading furniture producer in and around Biratnagar sub – municipality. The company produces a range of wide variety of wood products. Designer beds, tables, showcases and ply-woods are few if to be named some. Since its establishment many other furniture manufacturers entered the market with many lucrative packages but the organization “Arun Furniture Udyog” still leads and controls a large share of the furniture market in the city.
The organization has been conducting its production on ….acres of land. It has been employing 5 workers permanently and more 3 workers contingently, which are employed at the time of high demand season (wedding season).
The organization has been dealing with the production of furniture products (bed, showcases, tables etc.) as well as fire woods as a by-product.
Process of establishment:
All the industries are established under the license of industries association and Inland Revenue Office as their size registration process differs.
The organization falls under small cottage industry and the organization has gone through all process of legal establishment process which were as follows:
1) Reference letter was obtained from small and Cottage industries Office.
2) No- Objection letter was obtained from Biratnagar sub – municipality.
3) The organization was then provided with a reference letter from ward committee office.
4) Finally the organization was registered on Inland Revenue Office.
The PAN or VAT Number is provided as per the transaction size and it has to be renewed yearly.
Minimum initial investment for furniture manufacturing industry was found out to be around Rs.50000.
Production process: