Stop Waiting for a Big Idea. Success Is All About This One Thing, Says Karma Namgay
Karma Namgay is from Sergithang, Tsirang, and is the founder & CEO of Drukyul Production, a manufacturing unit for biodegradable bags and packaging sacks -located at Pekharzhing, chhukha.
He completed his B. Com graduation from Royal Thimphu College in 2012 and completed PGDFM from RIM in 2013.
Over 7 years working in the privet sector in various lines of business I came across many people with different ideas, work ethics, and journeys they had, which is where I got inspired, motivated, gain knowledge and advice.
Through that process, I saw an opportunity in the untapped market for carry bags and packaging bags- founded Drukyul Production. The manufacturing units aim to improve environmental conservation by minimizing the usage of plastic bags in the country.
“From my perspective, while doing business everything is challenging. Every day is a learning process, every day it’s a trial process, and every day you just need to look forward to overcoming such a challenge by learning, observing, and getting advice from seniors.”
For those who are new and want to start your business, Karma Namgay said that we need to be 110% prepared, do a lot of research and findings on our business and then plan our steps. “Always make sure that you have long-term business modules and plans.” Stop Waiting for a Big Idea. Success Is All About This One Thing, Says Karma Namgay
However, the production aims to substitute plastic carry bags and polypropylene (PP) carry bags with bio-degradable carry bags, enhance environmental conservation, and stop plastic and PP pollution.
He said we are not only aiming to maximize profit but also to go green concern and create employment opportunities.
Meanwhile, the raw material used in the production process is jute fabric which is imported from India and Bangladesh. The raw material comes in the form of jute Hassan fabric cloth, then cut into various shapes and sizes and stitched by industrial sewing machines. Around 50kg sack packaging size as per the specification by the customers.
He shared that not retain or discourage yourself with one failure or limit, try to work out the failures and cross the limits with your business.
“You are the ‘driver’ in the business and the roads are uncertain. It all depends upon you and your driving skills. You should know which road you should take when to stop, when to slow down and when to accelerate to reach your destination.”
“I am supported and funded by Loden Foundation in 2022.”
“I’m not sure how I would describe the word entrepreneur, I have never thought of it till now but I can tell being an entrepreneur means self-growth,” he said, adding that self-growth- you grow yourself in being someone in the community. You grow yourself to be self-sufficient.
He added, “You grow yourself to be a leader, smart, bold, risk taker, and provider. You grow yourself to be an inspiration to others. You grow yourself to be prepared for any reality in life.”
