Thursday, August 30, 2012

Looking ahead, moving forward

PANCHAKANYA GROUP: CELEBRATING FOUR DECADES OF BUSINESS EXCELLENCE
 




What started as a small rice mill in Jhapa — Panchakanya Rice Mill — in 1972, some four decades back, Panchakanya Group has come all the way to becoming one of the leading business groups in the country today.
"There certainly has been a lot of ups and downs," recalls managing director of the group Pradeep Kumar Shrestha.
From the era of 'Licence Raj', when he had to skip classes to get a licence, to the current open economy, when it is easy to get a licence but difficult to do 'ethical' business, Shrestha — the second generation in the business — has not only expanded Panchakanya's network but made it a household name.
Earlier, it used to be a seller's market but now it is a buyer's market, he says, adding that with the open economy post-1990, competition has increased and for the better. "Competition has helped bring in quality products and made them more affordable," said the managing director of the group that employs around 1,000 people directly and around 3,000 indirectly.
The group owns around 11 industries that offer a complete housing solution — from steel to plastic, furniture, plast, wires, nails and allied, apart from its own construction, and housing and land development company, and also operates Nepal Bitumen and Barrel Udyog — and runs trading firms, school, hospital, banks and hydropower businesses successfully.
However, it was with the group's second venture – Panchakanya Steel – that it entered into the manufacturing sector and started moving from the eastern part of the country — where they initially hailed from — to the centre — Kathmandu — and the steel factory in the western part of the country in Bhairahawa.
"It was difficult to move from one place to another in those days due to transportation hassles," he remembers, "But the identity crisis due to the regular movement has also made our father Prem Bahadur Shrestha — the first generation and current chairman — stronger and more determined."
From the first generation that helped establish the company, to the second that helped diversify it with aggressiveness, now the third generation is ready to carry the baton further, said Shrestha, adding that the third generation is well equipped with international exposure and ready to take on more responsibilities.
As a multi-billion rupee company today, Panchakanya Group, not only caters to the domestic market, but also exports pipes and fittings to India.
The group — like in each year — is planning to bring a new product in the market soon, says Shrestha. Similarly, it is working on limestone ore for its planned cement factory which might take a year to come into operation, and looking for iron ore in the country for its steel factory.
"Nepal has all the required resources to create employment back home," he says, "There is a huge scope for the ancillary industry for Indian and Chinese industries, unmatched biodiversity and tourism, which need to be exploited."
"We can make a difference if we are sincere," Shrestha concludes.

11 comments:

Anonymous said...

I know of the fact that currently, more and more people are now being
attracted to digital cameras and the subject of picture taking.
However, as a photographer, you should first devote so much time period deciding the exact model of digicam to buy in addition to moving
out of store to store just so you might buy the
lowest priced camera of the trademark you have decided to pick out.
But it does not end right now there. You also have to consider whether you should buy
a digital camera extended warranty. Many thanks for the good tips I received from your blog
site.

my homepage - 100 dating website

Anonymous said...

I am only commenting to make you be aware of
what a remarkable experience my friend's princess went through viewing the blog. She noticed lots of issues, with the inclusion of how it is like to have a very effective coaching mood to have other folks very easily gain knowledge of various very confusing subject matter. You undoubtedly surpassed our desires. Thank you for producing the interesting, trustworthy, educational not to mention easy tips on the topic to Mary.

Feel free to visit my site; gratis dating

Anonymous said...

My brother suggested I might like this blog. He
was entirely right. This put up actually made my day.
You cann't believe just how so much time I had spent for this information! Thanks!

Feel free to surf to my web page: facebook sex

Anonymous said...

I have noticed that service fees for on-line degree authorities tend to be an
excellent value. Like a full College Degree in Communication with the University
of Phoenix Online consists of Sixty credits from $515/credit
or $30,900. Also American Intercontinental University Online provides a Bachelors
of Business Administration with a overall program feature of 180 units and
a tariff of $30,560. Online learning has made taking your degree
so much easier because you can easily earn your degree through the
comfort of your house and when you finish from office. Thanks for
other tips I have certainly learned from your web-site.


My blog post dating and chat

Anonymous said...

I do not even know how I ended up here, but I thought this
post was great. I don't know who you are but definitely you're going to a famous blogger if you aren't already ;) Cheers!

Here is my page :: free sites for dating

Anonymous said...

Thanks for the tips you have discussed here. On top of that, I believe there
are some factors that really keep your car insurance premium decrease.
One is, to bear in mind buying automobiles that are in the good directory of car insurance
businesses. Cars that happen to be expensive tend to be more at risk
of being snatched. Aside from that insurance policies are also using the value
of your car, so the higher in price it is, then higher
your premium you have to pay.

Here is my webpage; online dating for

Anonymous said...

Today, I went to the beachfront with my children.
I found a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She put the shell to her
ear and screamed. There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is completely off topic but I had to
tell someone!

Feel free to visit my weblog :: inforaise.net

Anonymous said...

Thanks for revealing your ideas. I'd also like to convey that video games have been ever evolving. Modern tools and revolutions have aided create authentic and enjoyable games. All these entertainment games were not really sensible when the real concept was first of all being experimented with. Just like other kinds of chnological innovation, video games too have had to advance by means of many generations. This itself is testimony on the fast growth and development of video games.

My web-site :: facebook for sex

Anonymous said...

Hi there! Someone in my Facebook group shared this site with us so I
came to take a look. I'm definitely enjoying the information. I'm book-marking and
will be tweeting this to my followers! Terrific blog
and outstanding design.

Here is my weblog; fuck book

Anonymous said...

I was curious if you ever considered changing the page layout of your blog?

Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so
people could connect with it better. Youve got an awful lot of text for only having 1 or two pictures.
Maybe you could space it out better?

my web site facebook of sex

Anonymous said...

There are some fascinating closing dates in this article
however I don�t know if I see all of them middle to
heart. There is some validity but I'll take maintain opinion until I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as nicely

Also visit my weblog: facebook sex