Silence in the wholesale market, traders say – only space left

4 October, Kathmandu. Situated behind Ranjana Complex in New Road, Shivshakti stores sell readymade men’s clothing in bulk. When the team of Online News reached on Monday, the shop owner Rajesh Kumar Lunawat was waiting for the customers. Dashain, who is considered to be the season of clothing business, may have only a week left, but he seems to be at ease.

“It’s time to do lakhs of business in a day, but we have to sit back,” he says. Lunawat says that due to paucity of money he could not bring much stuff.

Businessman Rajesh Kumar Lunawat

“Neither have we been able to put in the new merchandise, nor have the buyers been able to spend the money,” he says, “it seems that both the seller and the buyer have run out of money.”

Saroj Shrestha of Neuroduck, which sells men’s clothing, also met at a leisurely pace. To our inquiry about how is the business, he said that there is an economic slowdown in the market. He says that the business has decreased by 40 percent compared to last year.

Businessman Saroj Shrestha.

‘We have to survive by doing business of 5/7 thousand daily in wholesale. This business is less than Saponapo.

Asan, Indra Chowk, Mahabuddha area are famous places for wholesale market. But the traders of that area say that nowadays only those who buy wholesale goods have stopped coming to this area to buy goods. Some businessmen are unhappy that they have to leave this area and go elsewhere.

Baikunth Dahal, who deals in wholesale items like belts, socks and masks, is also worried about the decline in business.

Businessman Baikunth Dahal.

‘It has become a chore to sit around the shop all day long. Neither the retail shop nor the retail customer came,’ says trader Dahal. ‘With such silence in the market, even the rent of the shutter cannot be paid.’

Pratika Timilsina, owner of Mangala Sayani Stores, said that business came to a standstill during the big festival. He said the shop selling women’s ready-made clothes in bulk is now deserted, “not only during Dashain”. The market is like this only after Teej.

He said that on the day of Teej, even retail shops inside and outside the valley do not come to buy goods. Pratishka says, “In the era of Sohrashraddha, retail traders used to buy goods from wholesale, then retail trade was done with the arrival of people in the market.

businessman fell flat

According to businessman Saroj Shrestha, he is a businessman whom he knows few days back as in charge of his employees’ wholesale shop. Shrestha said that he noticed that the businessmen who were doing business by taking loans from various cooperative societies in the name of employees, were assigned the responsibility of shop after the business of those traders who had loans in the name of cooperative societies.

Traders have to take loans from cooperative societies or banks to buy goods. At present, both the bank and the cooperative are not in a position to lend.

Shrestha says that some businessmen have already left New Road, ’25 percent of New Road’s businessmen are ready to leave their shops if they get a chance to survive.’

Businessman Rajesh Kumar Lunawat urges you to see the economic condition of New Road. He said that he could not even withdraw his savings to get loans and loans to run the business.

‘I have savings in a cooperative. He said, “How can we do business in such a situation?”

According to traders, the retailers who used to come thrice a year to buy goods, they have come only once. They are demanding the same in loans as well.

goods coming soon

Businessman Pratiksha Timilsina says that the economic crisis is not over yet. He asked, ‘When did the Chinese border open for us to pour new goods, when did the goods arrive?’

Businessman Ramchandra Parajuli

According to Ramchandra Parajuli, a trader who brings goods from China and does business in Nepal, the goods stopped at the post are slowly reaching Kathmandu. He says that when the goods should have gone from the wholesale shop to the retail shop, then the goods started reaching the wholesale shop.

He believes that the main reason for the market not working is because traders do not have money. It is not possible to get money from the bank for doing business. Parjuli said that there will be some improvement after the local elections, but barring a few traders, the traders were unable to bring the goods.

Parajuli, who is also the secretary of the Himalayan Cross Border Trade Association, attributed the reduction in trade to lack of money circulation in the market.

Photo: Vikas Shrestha

Source: OnlineKhabar

Himal Sanchar