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PRESENTATION MEMBERS
INTRODUCTION
For many decades, since independence of
Pakistan, Textile and agro based products were considered to be the major commodities for export purposes. Unfortunately, little concern was given to other industrial sectors for export promotion. Due to drastic increase in population of Pakistan, the exports of these products were not only reduced; instead, INTRODUCTION TO SCHEME Prime Minister’s Youth Business Loan’ scheme, for young entrepreneurs, with an allocated budget of Rs. 5.0 Billion for the year 2013-14, is designed to provide subsidized financing at 8% mark-up per annum for one hundred thousand (100,000) beneficiaries, through designated financial institutions, initially by the National Bank of Pakistan (NBP) and the First Women Bank Ltd. (FWBL). Executive Summary The proposed project is for setting up a Small Workshop Startup. This unit will be capable of integrated wooden furniture manufacturing from sourcing and cutting of wood, to retailing of product to the end customer. The project will focus and cater to the growing needs of domestic wooden furniture market. CRITICAL FACTORS Ensuring availability of seasoned (dry) wood for high quality furniture manufacturing. Seasoned (dry) wood minimizes deforming that may occur due to dampness in wood. • Selection of skilled and responsible labor is an important factor, as it can improve quality of finished product by better craftsmanship & lower wastage. It is recommended that specialized labor is hired for this business. INSTALLED & OPERATIONAL CAPACITIES
The proposed project is capable of
manufacturing complete range of wooden furniture and other allied products to meet the demand of domestic market. The Unit will work on 8 hours shift for 300 days. This unit is capable of producing different types of wooden furniture i.e. bed sets, dinning sets, sofa sets, centre tables, tables for sofa set and office furniture. Total number of furniture items produced in year 1 would be 200. GEOGRAPHICAL POTENTIAL FOR INVESTMENT
The demand for wooden furniture is higher
in densely populated cities of Pakistan i.e. Lahore, Multan, Karachi, Peshawar, Rawalpindi and Islamabad, making all these options viable. However, establishment of the unit in the vicinity of established wooden furniture clusters i.e. Lahore, Chiniot or Gujrat gives the added advantage of easy availability of skilled labor. POTENTIAL TARGET MARKETS
Potential markets for wooden furniture can be
categorized into the following; newly constructed house, gift on weddings, for renovations, institutional buyers, for offices (public & private sector), etc. Majority of customers in the domestic market belong to first and second category. These customers require furniture for their newly built houses and usually buy a range of products like bed sets, dining sets and sofa sets with other decorative material for their entire house. BRIEF DESCRIPTION OF PROJECT & PRODUCT This unit is capable of producing different sort of wooden furniture i.e. bed sets, dinning sets, sofa sets, center tables, tables for sofa set and office furniture. The entire finished product depends on the quality of wood. Detailed technical know-how about the quality of wood and the use of seasoned / dry wood plays a vital role in the manufacturing of quality furniture. Wood obtained from the forest is of prime quality.