Stories By 'KRISHANA PRASAIN'
Nepal has become self-sufficient in iron and steel materials due to increased production from old players who have been expanding capacity and new players joining the business, domestic iron and steel manufacturers have claimed.
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While imports of footwear has been growing at a fast pace, export numbers are stagnating, as the burgeoning middle class of Nepal today are preferring foreign goods to domestic goods, say traders.
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Vegetable prices in the Kathmandu Valley dropped up to 36 percent as fresh winter harvests arrived in the market, bringing relief to consumers hit by skyrocketing prices during the September-October festive season.
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Pokhara-based Balloon Nepal is readying to start commercial hot air balloon flights on November 17. “Hot air ballooning is a big attraction among foreign and domestic thrill seekers,” said company founder Prabin Maharjan. “We aim to attract more tourists to the country by offering the adventure sport.”
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Women entrepreneurs engaged in micro enterprises are not able to reach their full potential because of an unfavourable business environment. Traditional practices prevent women business owners from expanding their market, said a woman participant in the 16th Handicraft Trade Fair going on at Bhrikutimandap.
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Daraz started out with a bang—a loud advertising campaign for weeks to promote 11.11, unofficially called the world’s largest online shopping day, for the first time in Nepal.
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