Business Development Plan of Barpaki's Nettle Powder Industry
Subedi, Gyanendra (2018)
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The study analyses the overall situation of nettle powder production and the future of Barpaki’s nettle powder after a devastating earthquake in Nepal. The main objective of this research was to develop the business plan for Barpaki nettle industry by analysing market and others aspect of the business. The survey was carried out to find out the market situation of nettle powder in Nepal, public awareness about the benefit of nettle and the possible competitor for the Industry. Group discussion, key informant interview, field visit and direct survey were the key methods used for this study with prepared questionnaire. Moreover, the study included SWOT, PEST and market analysis for the nettle industry and suggest the best strategies for it. Public-private partnerships is found to be the most appropriate approach for the development and growth of nettle powder industry. The expected output of this interventions is to have lasting business partnerships established between private sector, local forestry groups and farmers for forest-based enterprise. Risk transfer to private sector is the major component through which Public-private Partnership (PPP) projects can generate better value-for-money. That is why, the committee seems to be more interested in Public-private Partnership (PPP) model and planning to search for a private investor. Additionally, the research proposes a business development plan for Barpaki’s nettle powder emphasizing PPP model approach. All in all, the proposed plan is designed to promote sustainable as well as economic development of Barpak’s people and the Nettle.