Industrialization play vital role of boost up the economic standard..

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Industrialization is one of the important sector of any country which plays an important role to develop economic condition of that country. It is a main influencing factor to gear up national income of a country. Most of the industries utilize local raw materials and local employees. So, without industrialization, it is impossible to increase employment and national income. Thus the go al of industrialization is to establish industries and boost up the economic standard of the people as well as the country.

After the Second World War, an industrial revolution started from England. It is considered the origin point of industrial development. The history of industrial development in Nepal is very short. Similarly, Private sector covers wider range in industrial development in Nepal. Pokhara is also not so far from the national industrial development. An industrial estate is established to operate small and medium industries through the mobilization of local raw materials, capital, and employees in Pokhara in 2031 B.S.

Sarmila Furniture Udyog(SFU) was established in 2058/06/09 B.S. SFU was established with authorized capital of Rs. 1684854.60 and working capital of Rs. 553805.53. It holds major parts of furniture production around Pokhara. This indicates what role the private sectors can play in development of the nation. Production capacity of this industry are around 10 beds, 20 tables,3 cupboards etc per week. The industry has occupied three repines of land.

Ten Nepalese people have got employment opportunity in this firm. Amongst them, three personnel are working in administration section and seven employees work at production section. Considering the demand of customers, it has been producing different kinds of modern furniture. The industry has changed its technology and quality with the demand of the customers and the market situation. So, it can be said that, this firm has provided employment opportunities and has helped to increase the national income of the country. But at present, it has faced market competition because of the establishment of other various furniture industries.

Every manufacturing firm needs various types of assets and liabilities to operate their firm. Those assets which can be converted into cash within one year are called current assets (CA). For eg: short term investment, cash in hand and bank, stock, debtors, account receivable etc. Similarly, those liabilities’ which must be paid within one year are called current liabilities (CL). For eg Creditors, account payable, bills payable, bank overdraft, short-term loan, provision for tax etc. And, working capital management (WCM) is that CA and CL which are required to run the firm smoothly. It refers to managing of all CA and CL. It plays an important role to run any business organizations. It is lifeblood of any firm. If any firm ignores WCM, it cannot achieve its goals and becomes unsuccessful in business world. So, WCM is an important requisite for firm survival.

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