Midlaj Plywood, established in 2021 has started the export of plywood to India. A young company established by Rihan Miya, 22, got the export license a few months back.
Established with an investment of Rs 100m, the industry has exported plywood worth Rs 1m in the first month, however, Miya says, his company is building capacity of exporting plywood worth Rs 7m per month.
“Export market is better than the local market but we have some hectic bureaucratic hurdles in the process,” says Miya. “I consider it a privilege to contribute to the growth of Nepal’s economy by generating foreign exchange through our exports.”