In the fiscal year 2080-81 BS, 877 commercial firms in Dang shut down due to high operating costs. Interestingly, the number of business closures matched the number of new business registrations in the district.
The Cottage and Small Industries Office in Dang registered new enterprises across various sectors, including manufacturing, agriculture, forestry, energy, minerals, construction, service, and information technology. Santosh Kumar Subedi, the chief of the Cottage and Small Industries Office, confirmed the equal numbers of closures and new registrations.
Subedi highlighted an increase in agriculture and forest products-based enterprises among the newly registered businesses. Business owners cited operational losses as the main reason for shutting down. During this period, 471 industries closed.
Despite the closures, 596 new firms were registered, including 592 private and four partnership firms. Additionally, 1,457 firms renewed their registrations, and 292 firms increased their capital. Over the year, 513 new industries were added.
The Office reported that 548 people are now engaged in new enterprises within the newly registered and renewed industries, employing a total of 1,562 people. A total of 1,156 industries renewed their registrations.
During this period, 98 manufacturing industries and 231 agricultural and forestry industries were added. Additionally, 61 firms were established in the tourism industry, bringing the number of service industries in the district to 123.