Canaveda, hemp-based consumer products from Nepal

by Team Conscious Carma

Canaveda was established by Pratik Karki with an intention of finding sustainable solutions, Today, there is nothing that Canaveda isn’t able to do when it comes to hemp as they manufacture hemp yarns, fabrics, garments, paper, bioplastics, glass, food products, cosmetics and more.

Canaveda,  a hemp-based consumer products company headquartered in Kathmandu, Nepal,  opened its doors to business in 2019 after five years of research and development and successful initiation of large-scale production in 2018. Today their products are primarily exported to European markets, the United States, Middle East and a small share is also sold to local distributors in Nepal.

The global hemp industry has showed tremendous growth in the last decade and estimated prospects term the industry has highly lucrative over the next five years. Across the world, businesses of various scales are entering the industry with a rising demand for hemp yarn. While our portfolio incorporated finished products up until mid-2020,

“We intend on becoming the largest exporter of hemp yarn to global businesses in Nepal. It is possible to use hemp for a variety of day-to-day products and materials. Our current scope of work using hemp ranges from basic aspects such as hemp research, processing, production and recycling of hemp fabric, to the assessment of hemp-based construction materials. In doing so, we address many concerns that worry the world. Our work inherently addresses issues and helps toward environmental conservation, generation of employment, preservation of culture and a pressing need to adopt a sustainable lifestyle. To this end, Canaveda is doing everything in its capacity to champion the Sustainable Development Goals put forward by the United Nations, and playing its part toward global development.”, Says Karki.

Fair Business Model

Our business model is a fair trade model as most of our revenues and profits are committed to be invested back for the community to empower the lives in the grassroots where with our intervention, the whole industry is uplifted as we have been able to save some of the dying industry with hemp and nettle as the farmers weren’t getting enough benefits where we established a public company, Udhyogi Group Public Limited to provide shares to the farmers as well. Our vision is to transform the world with sustainable alternatives.

Canaveda’s Achievements:

  1. Built a supply chain in around 47 districts out of 77 in Nepal and also have developed a global supply chain in Europe, USA, Africa and Asia in over 7 countries.
  2. Developed the first hemp and nettle yarn in Nepal with a proprietary technology.
  3. Built the first hemp consultancy in Nepal for the world.
  4. Have over 100,000 hectares of community forestry for this project with National Scientific Forestry Association
  5. Developed over 400 types of hemp products.
  6. Established over 5 showrooms in India and Nepal.
  7. Launching different textile brands in Europe, USA and Asia.
  8. Developed the first bio-degradable sanitary pads out of hemp.
  9. Developed hemp glass cups and bottles.
  10.  Developed hemp biochar as the best fertilizer for growing hemp and other products.
  11. Developed over 150 types of fabrics out of hemp and over 50 fabrics out of nettle, neem and other natural fibers.

Canaveda’s Goals

We want to set up a local, independent and sustainable economic circle in Nepal, which helps the younger generation to find employment locally which will remove the need to travel to foreign destinations in search of work. This economic opportunity for a common Nepali will pave the way to social upliftment and elimination of many problems. Lastly, we also want to expand on our international export network through new distribution channels to provide local producers with more market options; this will help them make sound and profitable choices.

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