Over 870 commercial firms closed in Dang

GHORAHI, DANG, JULY 28: Eight hundred and seventy-seven commercial firms were closed in Dang due to their inability to meet operating costs in the fiscal year 2023/24. The number of business closures and openings in the district is the same.

Manufacturing, agriculture and forestry, energy, mineral, construction, service, and information and technology industries are registered with the Cottage and Small Industries Office, Dang. Santosh Kumar Subedi, the chief of the Cottage and Small Industries Office, said that the number of new registrations and closures are the same. He also mentioned that there has been an increase in agriculture and forest products-based enterprises among the registered industries.

Businessmen have stated that the industry had to cut costs due to operational losses. During the last fiscal year, 471 industries were closed.

During the review period, 596 firms were registered, out of which 592 were private and four were partnership firms. One thousand four hundred and fifty-seven firms have been renewed, while two hundred and ninety-two firms have increased their capital.

Likewise, 513 industries have been added in one year. According to the Office, 548 people are engaged in new enterprises in the newly registered and renewed industries, while 1,562 people are employed. One thousand one hundred and fifty-six industries have been renewed.

A total of 98 manufacturing industries were added during this period. Similarly, 231 agricultural and forestry industries were added. Sixty-one firms were added in the tourism industry. The number of service industries has reached 123 in the district.