Interview

Private sector investments are important for Nepal to achieve a production-driven growth strategy

Private sector investments are important for Nepal to achieve a production-driven growth strategy

The partnership between Nepal and The World Bank Group can be traced back to 1963 when a team from the Washington, DC-based international development agency visited Nepal for the first time in . . . Read more »


"I believe in a colourful, diverse and inclusive world"

"I believe in a colourful, diverse and inclusive world"

Photo Kathmandu 2018, the 3rd edition of the marquee photography festival, took place in and around Patan Durbar Square from October 12 to November 16. This year, the festival endeavoured to present . . . Read more »


“High-end tourism will develop as more 5-star properties Like Tiger Palace Resort come to Nepal”

“High-end tourism will develop as more 5-star properties Like Tiger Palace Resort come to Nepal”

Silver Heritage Group, a renowned gaming operator in Asia, has been operating an international class casino The Millionaire’s Club and Casino at Shangri La Hotel in Kathmandu. The group’s latest . . . Read more »


" The next industry disruptor has strong potential to emerge from the eastern part of the world.”

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" The next industry disruptor has strong potential to emerge from the eastern part of the world.”

The Global Brainstorm is an event for Global Entrepreneurship Week (GEW), an international initiative started in 2008 aimed at introducing entrepreneurship among the world’s youth. It was launched . . . Read more »


“Values based banking has multiplier and cyclic economic, social and environmental impacts”

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“Values based banking has multiplier and cyclic economic, social and environmental impacts”

The Nepali banking sector has been facing several challenges. The challenges have emerged in the areas including bank financing, availability of investible funds, profit making and corporate . . . Read more »


Tax base has not widened to such an extent that we could rely only on direct taxes

Tax base has not widened to such an extent that we could rely only on direct taxes

Currently, the debate over taxation is intensifying. A wide spectrum of the populace, from business people to the general public, are voicing their concerns related to the tax arrangements set by the . . . Read more »


“The push and pull between entrepreneurs and governments is the essential tension of a strong capitalist system”

“The push and pull between entrepreneurs and governments is the essential tension of a strong capitalist system”

Verne Harnish, founder of EO, is an influential personality in the entrepreneurial realm. He is also the founder and CEO of Gazelles, a global executive education and coaching company. Holding more . . . Read more »


“Improved Nepal-India bilateral relationship can help Nepal to actively reengage in the world affairs.”

“Improved Nepal-India bilateral relationship can help Nepal to actively reengage in the world affairs.”

Despite the historic social, economic and political ties between Nepal and India, the bilateral relations between the two countries have hit some major roadblocks over the years. The 1950 . . . Read more »


“Our key suggestions in increasing productive sector investments haven’t been incorporated in the budget”

“Our key suggestions in increasing productive sector investments haven’t been incorporated in the budget”

July 2018   
The first federal government budget of the country has received mixed reactions from the Nepali private sector. Businessmen say that the budget has not been able to meet their expectations in . . . Read more »


“Growth of Nepali FMCG market is among the fastest in the world”

“Growth of Nepali FMCG market is among the fastest in the world”

July 2018   
It’s been 25 years of presence for the United Kingdom-based multinational market research firm Nielsen in Nepal. The Nielsen Nepal Company, a subsidiary of Nielsen South Asia, is active in research . . . Read more »


“The aim of our partnership is to develop venture capital and private equity market in Nepal”

“The aim of our partnership is to develop venture capital and private equity market in Nepal”

June 2018   
In Nepal, where there are very few financing options available for small and medium enterprises (SMEs), managing funds becomes a herculean task just to ensure sustainability and growth in business. . . . Read more »


“Preparation of capital budget rationally and executing it efficiently are the two long-ignored basic factors of budgeting in Nepal”

 “Preparation of capital budget rationally and executing it efficiently are the two long-ignored basic factors of budgeting in Nepal”

May 2018   
If the politicians in power are to be believed, Nepal has entered a phase of economic development and prosperity after the three tiers of elections held last year. The country has started its . . . Read more »


“Honda aims 70% share of the Nepali two-wheeler market in the next few years”

“Honda aims 70% share of the Nepali two-wheeler market in the next few years”

May 2018   
Honda is one of the largest automobile brands in Nepal and its presence in the country has spanned a period of 50 years. It all started when the leading industrial and trading conglomerate Jyoti . . . Read more »


“Multiple power companies are necessary to minimise the risks to the power sector posed by the failure of one entity”

“Multiple power companies are necessary to minimise the risks to the power sector posed by the failure of one entity”

April 2018   
The Nepal Electricity Authority (NEA), the country’s sole power off-taker, has seen a sea change in many aspects of its works after the appointment of Kulman Ghising as the Managing Director in . . . Read more »


“We have a five-year plan to mobilise Rs 36 billion in 31 projects of total capacity 3,237 MW”

“We have a five-year plan to mobilise Rs 36 billion in 31 projects of total capacity 3,237 MW”

March 2018   
Hydropower Investment and Development Company Limited (HIDCL) was established in 2011 by the government as a Special Purpose Vehicle (SPV) to expedite hydropower development by forging partnerships . . . Read more »


“Protectionism is not an economic agenda of the Left Alliance”

“Protectionism is not an economic agenda of the Left Alliance”

Dr Yubaraj Khatiwada, the former Governor of Nepal Rastra Bank and former Vice-Chairman of National Planning Commission, has a long experience in managing public economic affairs. He was one of the . . . Read more »


"Our objective is to increase insurance penetration maintaining a good level of corporate governance in the sector"

"Our objective is to increase insurance penetration maintaining a good level of corporate governance in the sector"

The Nepali insurance sector has been going through a slew reforms after Chiranjibi Chapagain was appointed as the Chairman of the Insurance Board in January 2017. From paid-up capital increment of . . . Read more »


“Government can operate some economic areas, but the most of it needs to be left open for the private sector”

“Government can operate some economic areas, but the most of it needs to be left open for the private sector”

Jagdish Prasad Agrawal, chairman of Nimbus Group has spent five decades in the industrial and business sectors. Agrawal who successfully established Nimbus as the country’s major agribusiness has . . . Read more »


“Private security business needs to be governed by separate law”

“Private security business needs to be governed by separate law”

G4S Security Services Nepal is the largest private security solutions firm in Nepal with a presence spanning over two decades. The United Kingdom based multinational security services provider . . . Read more »


“We have a strong focus on three factors, safety, reliability of services and comfort of passengers”

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“We have a strong focus on three factors, safety, reliability of services and comfort of passengers”

After 18 years of operating helicopter flights, Shree Airlines in August started scheduled air services through three newly bought Bombardier CRJ series aircrafts. With an aim to fast and comfortable . . . Read more »


“The government needs to start one-on-one discussion with businessmen in order to identify and address their issues”

“The government needs to start one-on-one discussion with businessmen in order to identify and address their issues”

Moti Lal Dugar, Chairman of MV Dugar Group, is a third generation industrialist of the business family Dugar that carries a 127 year legacy. His elder brother late Tola Ram Dugar is regarded as the . . . Read more »


“Our focus in Nepal is on hard infrastructure and human capacity development”

“Our focus in Nepal is on hard infrastructure and human capacity development”

The history of Japan’s official development assistance to Nepal began with the opening of office of the Japan Overseas Cooperation Volunteer (JOVC) in 1970. In 1978, the office of the Japan . . . Read more »


“Succession planning is absolutely important for sustainability of organisations”

“Succession planning is absolutely important for sustainability of organisations”

July 2017   
Having worked in the area of human resource management for 44 years, Aquil Busrai is presently the CEO of Aquil Busrai Consulting which he founded in 2010. He has worked at various MNCs including . . . Read more »


“Leadership is the game of plus one”

“Leadership is the game of plus one”

July 2017   
Internationally renowned motivational speaker and corporate trainer Prakash Rohera is an ex-banker who has three decades of experience working in global corporations including Citibank, Bank of . . . Read more »


“BGA seeks to help Nepal to harness available investment opportunities”

“BGA seeks to help Nepal to harness available investment opportunities”

June 2017   
Despite the prolonged political instability, Nepal so far has remained in the investment radar of many prospective investors across the globe as they have been eying lucrative opportunities available . . . Read more »


“Radical change needed in the mindset of government and politicians”

“Radical change needed in the mindset of government and politicians”

June 2017   
Satya Narayan Keyal, Chairman of the Birjung-based industrial conglomerate Keyal Group has been active for the past three decades in the country’s industrial and business sectors. This group which . . . Read more »


“US and Nepal have reached a point where both countries will see increase in bilateral trade and investment”

“US and Nepal have reached a point where both countries will see increase in bilateral trade and investment”

May 2017   
The third meeting of Nepal-United States Trade and Investment Framework Agreement (TIFA) Council was held on April 20 in Kathmandu. Signed by Nepal and United States in April 2011, TIFA aims to . . . Read more »


“Our works are focused on organisational improvement and market expansion of NAC”

“Our works are focused on organisational improvement and market expansion of NAC”

April 2017   
The national flag carrier Nepal Airlines Corporation (NAC) has recently been in the limelight. The government-owned airline company is in the process of buying two new wide-body Airbus 330 . . . Read more »


“Import restrictions on foreign medicines is important for the development of Nepali pharmaceutical industry”

“Import restrictions on foreign medicines is important for the development of Nepali pharmaceutical industry”

March 2017   
Established in 1990, Association of Pharmaceutical Producers of Nepal (APPO) is the representative body of 50 Nepali pharmaceutical companies. Among them 37 are WHO-GMP . . . Read more »


“The government needs to work as per the 2072 action plan for hydropower sector development”

“The government needs to work as per the 2072 action plan for hydropower sector development”

March 2017   
More than 100 private companies in Nepal are active in the hydropower sector at present. Shailendra Guragain was recently elected as the chairman of Independent Power Producers Association Nepal . . . Read more »


“We are introducing a new beer with an investment of Rs 3 billion”

“We are introducing a new beer with an investment of Rs 3 billion”

Feb 2017   
Vijay Kumar Shah, Founder Chairman of the Himalaya Distillery Limited has been active in the liquor business in Nepal for the past fifty years. Shah who is the Chairman of Jawalakhel Group of . . . Read more »


“Introduction of new FITTA, IP Act, digital signature and online payment gateway will re-energize the industrial sector”

“Introduction of new FITTA, IP Act, digital signature and online payment gateway will re-energize the industrial sector”

Feb 2017   
After assuming office in August 27, 2016, Industry Minister Nabindra Raj Joshi has been focusing his efforts to improve the climate for the industrial sector which has been a victim of the prolonged . . . Read more »


“Nepal-India PTA is more important than the Indian Guidelines”

“Nepal-India PTA is more important than the Indian Guidelines”

Jan 2017   
Energy minister Janardan Sharma has been active in resolving various power related issues in the country after he assumed the office in mid-August. He has initiated some important power sector reform . . . Read more »


“Nepal needs to be competitive for FDI to graduate from LDC”

“Nepal needs to be competitive for FDI to graduate from LDC”

The United States Agency for International Development (USAID)has been active in Nepal for over six decades in areas including economic growth, food security, health, education, development works, . . . Read more »


“There is a comfort level between us and our guests which helps us to connect with them very well”

“There is a comfort level between  us and our guests which helps us to connect with them very well”

Hyatt Regency Kathmandu recently won the ‘Nepal Leading Hotel 2016’ award at the World Travel Awards held in Vietnam. The five-star hotel has bagged the recognition for the fifth time. It . . . Read more »


“Soaltee Crowne Plaza always focuses on the long term picture”

  “Soaltee Crowne Plaza always focuses on the long term picture”

Soaltee Crowne Plaza Kathmandu won an international award and also received a national recognition in less than a week in late September. The hotel bagged “Most Preferred Destination for Business . . . Read more »


“There is no point in announcing monetary policy with elements contradicting the fiscal policy”

 “There is no point in announcing monetary policy with elements contradicting the fiscal policy”

Nepal Rastra Bank (NRB) received both praise and criticism from various quarters for the Monetary Policy of FY 2016/17. Nevertheless, Dr Chiranjibi Nepal, Governor of NRB is quite hopeful about the . . . Read more »


“Nepal needs to create niche markets to uplift its overall economy”

 “Nepal needs to create niche markets to uplift its overall economy”

Nepal and Australia embarked on their journey of friendship by establishing diplomatic relations in 1960 and the bilateral relationship between the two countries has been strongly growing ever since. . . . Read more »


“Nepal and Czech Republic need to invest time to better understand each other’s priorities”

“Nepal and Czech Republic need to invest time to better understand each other’s priorities”

Vojtěch Filipis the Vice-President of the Chamber of Deputies of the Parliament of Czech Republic. He was in Nepal last month for a four-day visit leading a high-level legislative delegation. The . . . Read more »


“Dabbawalas do ordinary tasks in extraordinary ways”

“Dabbawalas do ordinary   tasks in extraordinary ways”

Pawan G Agarwal is an international motivational speaker, author, educationist, business consultant and a successful entrepreneur. He has done his PhD on ‘Mumbai Dabbawalas’ and has delivered . . . Read more »


“Private sector has bigger role in political instability marred country like Nepal”

“Private sector has bigger role in political instability marred country like Nepal”

Frost & Sullivan, a US-based consulting firm organised a conclave entitled ‘Uncovering Nepal- Exploring Trends and Emerging Opportunities’ as a part of series of briefings on emerging markets . . . Read more »


“Nepal being a landlocked country is not resource locked”

“Nepal being a landlocked country is not resource locked”

July 2016   
Dato Dr Jacob George is a well known figure in Malaysia. Over the years, he has been constantly fighting for the rights of migrant workers who come to work in that Southeast Asian nation. The intense . . . Read more »


“Not expecting anything from government”

“Not expecting anything from government”

June 2016   
​After successes in multiple businesses over the years, Arun Chaudhary recently stepped into the hospitality sector. Acquiring the Tigerland Safari Resort at Chitwan, he announced that he will . . . Read more »


“Nepal need standard policies and Acts acceptable for international lenders”

“Nepal need standard policies and Acts acceptable for international lenders”

May 2016   
Bo-Seuk Yi joined Nepal Water and Energy Development Company (NWEDC), the developer of 216 MW Upper Trishuli-1 Hydropower project, as the CEO some three months back, representing South Korea’s . . . Read more »


“It was extremely important that GSMA recognised this success”

“It was extremely important that GSMA recognised this success”

April 2016   
Ncell recently won the prestigious GSMA Global Mobile Awards 2016 in the Mobile in Emergency or Humanitarian Situations category. The award was handed out to the Nepali telecom giant and its partner . . . Read more »


“For Huawei, affordability and the quality of products always go side-by-side”

“For Huawei, affordability and the quality of products always go side-by-side”

April 2016   
Established in 1987, the Chinese company Huawei has evolved to become a leader in the global mobility business. Competing with big Asian and western names in the global gadget arena, the . . . Read more »


“Nepal has to explore opportunities by keeping neighbouring Indian states in mind”

“Nepal has to explore opportunities by keeping neighbouring Indian states in mind”

April 2016   
Despite the historic relationship between Nepal and India, the two countries often face obstacles and impediments when it comes to bilateral trade and investment. Various tariff and non-tariff . . . Read more »


“Biratnagar is the most industry-friendly city in Nepal”

“Biratnagar is the most industry-friendly city in Nepal”

March 2016   
Active in the chamber movement for the last 16 years, Shiv Shankar Agrawal is President of Chamber of Industries Morang. Presiding over the plastic and stationery major, Saraswati Group, he is . . . Read more »


“Tourism cannot be developed in isolation; it needs support from different sectors”

“Tourism cannot be developed in isolation; it needs support from different sectors”

​Nepal Tourism Board (NTB) has finally got a new CEO after more than four years. Deepak Raj Joshi has been appointed to the crucial post which remained vacant since October 2011, when tenure of . . . Read more »


“My challenge is to regain the reputation of NPC”

“My challenge is to regain the reputation of NPC”

We have to consolidate our expenditure programme; the trend so far is to spread the budget thinly over all places. Many programmes are duplicated and many overlaps happen between the jurisdictions of . . . Read more »


“Complete replacement of Indian products by China is not possible”

“Complete replacement of Indian products by China is not possible”

​Dr Posh Raj Pandey is the Executive Chairman of South Asia Watch on Trade, Economics and Environment (SAWTEE), a consortium of South Asian NGOs, working to build capacity of stakeholders in the . . . Read more »


“At Sakchyam, we want to be a game-changer”

“At Sakchyam, we want to be a game-changer”

There are differences between government-funded programmes and donor-funded programmes. A programme like ours aims to increase local capacity. The word Sakchyam itself means ‘building capacity’ . . . Read more »


“NRB should have given at least four years”

“NRB should have given at least four years”

​Shiv Ratan Sharda is the Chairman of Sharda Group, one of the largest private industrial and trading conglomerates of Nepal. The Group has an annual turnover in excess of USD 150 million. Sharda . . . Read more »


“Banks are in a blissful slumber. They need to wake up.”

“Banks are in a blissful slumber. They need to wake up.”

Dr Chiranjibi Nepal was appointed Governor of Nepal Rastra Bank in March, 2015. Dr Nepal is a prominent academic who has worked with the World Bank as consultant and coordinator, Asian Development . . . Read more »


“We consider this (the earthquake) as an opportunity”

“We consider this (the earthquake) as an opportunity”

Bijay Rajbhandary is the Chairman/Managing Director of CE, a conglomerate of companies with investments in several sectors such as construction, real estate, engineering consultancy, industries, . . . Read more »


“I’m against banning high-rise building”

July 2015   
Bishnu Panthee, Managing Director of Cage Consult Pvt Ltd, is one of Nepal’s senior professional architects, designing and building residential as well as commercial buildings for the past 16 years. . . . Read more »


“The next challenge is the preliminary rehabilitation of the quake-affected people”

June 2015   
The National Planning Commission (NPC) has prepared a plan for the rehabilitation and reconstruction of the country following the earthquake. Janardan Baral and Shakuntala Joshi of New Business Age talked to NPC Vice-chairman Prof Dr Govind Raj Pokhrel on various aspects of the plan. . . . Read more »


“Business and development are essentially interrelated”

May 2015   
Professor Juan Miguel M. Luz is the Dean of Stephen Zuellig Graduate School of Development Management, a core faculty of Asian Institute of Management (AIM), Philippines. Established in 1968, AIM is considered as a pioneer of management education in Asia and Prof Luz is considered as one of the most influential Filipino educators. . . . Read more »


‘‘NRNs are increasingly investing in Nepal’’

April 2015   
Shesh Ghale is the president of the International Coordination Committee (ICC) of the Non-Resident Nepali Association (NRNA), the umbrella organization of the Nepali diaspora. His two-year term will come to an end in mid-October this year. . . . Read more »


‘‘We’ll soon launch designer metallic range for walls’’

March 2015   
It’s been two years since Kansai Nerolac Paints Limited (KNPL) India, started manufacturing paints in Nepal after acquiring 68 per cent stake in Nepal Shalimar Paints in 2012. The company, which produces paints under the brand name Kansai Paints, claims to be the pioneer in producing lead-free and zero VOC (volatile organic compound) paints in the . . . Read more »


‘‘CEOs of banks are under pressure when promoters ask for 40-50 per cent return on their investments

Dr Yuba Raj Khatiwada, the Governor of Nepal Rastra Bank (NRB) is set to retire on 23rd March completing his five-year term. He is admired for saving the Nepali banking sector from a 'systematic failure.' However, he is also criticised for micro-managing the banking . . . Read more »


‘‘Nepal can become a developing country within the stipulated time’’

Gyan Chandra Acharya, former foreign secretary of Nepal, is United Nations Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) since 5 September 2012. . . . Read more »


‘‘I am satisfied with my two-year term’’

Ashok Kumar Baidya is the president of Birgunj Chamber of Commerce & Industries (BiCCI). Baidya who has been into trade and business for about the past four decades is also the vice-president of Shalimar Group, one of the major business houses of the country, and also a member of . . . Read more »


“Nepali tourism can sustain all the upcoming hotels”

B K Shrestha, Managing Director of Oriental Hotels Ltd that operates Radisson Hotel in Kathmandu has been in the tourism industry for more than four decades. He is also the incumbent President of Hotel Association Nepal (HAN) and has served as Vice Chairman of Nepal . . . Read more »


‘‘PDA for Upper Karnali & PTA with India are game changers for Nepal’’

The Investment Board (IB) of Nepal is buoyed up by the signing of the Power Development Agreement (PDA) with India’s GMR for the development of the 900MW Uppere Karnali hydroelectricity project. IB’s Chief Executive Officer (CEO) Radhesh Pant thinks the PDA . . . Read more »


“Hydroelectric project is not a zero-sum game”

Alok Rawat is the Water Resources Secretary of India. Leading an Indian delegation, he was recently in Kathmandu to attend a two-day meeting of the governing board of the Pancheswar Multipurpose Project. After the conclusion of the meeting, Rawat answered the . . . Read more »