Overseas Nepalis are not impressed

Sewa Bhattarai They say new Acts do not address their misgivings about investing in their homeland Learning from the success of overseas Chinese and Indians investing in their homeland, the Nepal government hurriedly passed two foreign investment related bills recently. But non-resident Nepalis are not impressed. The Public Private Partnership and Investment (PPPIA) Bill was passed by Parliament on 18 March, and the Foreign Investment and Technology Transfer (FITTA) Bill on 22 March, but investors say it does not go far enough in allying their concerns. Source : Nepali Times

विदेशी लगानी नेपाल बनाउन होइन, आफू बन्न आउने हो : सिद्धान्तराज पाण्डे

सरकार अन्तर्राष्ट्रिय लगानी सम्मेलनको तयारीमा जुटेको छ । आगामी चैत १५ र १६ गते मुलुकको राजधानी काठमाडौंमा बहुप्रतीक्षित लगानी सम्मेलन आयोजना हुँदैछ । सम्मेलनमा करिब ४० देशबाट सात सयभन्दा बढी विदेशी लगानीकर्ता सहभागी हुने सरकारको भनाइ छ । लगानी सम्मेलनलाई मध्यनजर गर्दै सरकार र निजी क्षेत्र मिलेर ३९ अर्बका परियोजना छनोट गरेका छन् । ती परियोजनामा बाह्य लगानीको अपेक्षा सरकारको छ । लगानी सम्मेलनलाई ध्यानमा राखेर सरकारले नीतिगत सुधारसमेत गरेका छ । यसबीच केही नयाँ कानुन बनेका छन् । केही पुराना ऐन–कानुन संशोधन गरिएका छन् । सरकारले ठूलो आशासहित आयोजना गरेको लगानी सम्मेलनको तयारी, यसका प्राथमिकता, लगानीको सम्भाव्यता र मुलुकले […]

Will the new Acts help—or hurt—foreign direct investment in Nepal?

The Post talked with some of the stakeholders who deal with FDI to know whether new laws address investors’ concerns, whether they will allure them into investing in Nepal and whether they are on a par with regional standards. – MUKUL HUMAGAIN, Kathmandu The government is organising the Investment Summit 2019 on March 29-30. And to attract foreign investors, the government has introduced three vital legislations–foreign Investment and Technology Transfer Act, Public-Private Partnership and Investment Act, and Special Economic Zone Act (First Amendment). The KP Sharma Oli government plans to showcase these Acts as the driving force for more and […]

An Entrepreneurial Family Scales the Peak of Nepal’s Tourism Sector

Visitors to Mount Everest and other sites around Nepal—which is home to some of the richest biodiversity in the world—contribute significantly to the country’s economy. Tourism makes up around 20 percent of foreign exchange earnings. The sector employs about 425,000 people directly and provides employment to approximately 1 million people indirectly. So when an avalanche and an earthquake struck the country in 2014 and 2015, the consequences were felt widely. Visitor numbers dropped, slashing tourism earnings and wiping out jobs for local people. As the industry recovers, one family of business owners is strategizing to woo tourists back to Nepal’s […]

‘Govt officials tend to act as regulators rather than facilitators’

Globally, budding companies that have failed to secure much-needed growth capital from sources like banks have turned to private equity funds. This trend has also made inroads into Nepal but at a much smaller scale. Private equity funds generally invest in firms that are looking for capital to grow. The investment is made in the form of equity, meaning the fund acquires shares in companies, which are offloaded after certain years. Private equity funds here have relieved companies, relying on bank credit to expand their business, from the burden of cobbling assets that need to be pledged as collateral and […]

Investing for change

Nepal’s first private equity impact fund helps uplift Makwanpur and Tanahu villages – SIDDHANT RAJ PANDEY Jun 29, 2018-Up the hills of Makwanpur,113 km south west of Kathmandu,a small village development community named Raksirang is located; its inhabitants are from the Dalit, Chepang and Tamang communities. The electricity supply to Raksirang is via grid connectivity through a single-phase line that barely services the villagers. Agriculture is the main source of income, but with poor water supply and access to markets it barely makes the end meet for the farming community. Recently, an innovative private company involved with renewal energy technology […]

एनजीओ मोडलमा आएको पुँजी र प्रविधि दिगो हुँदैन

Source: Karobar Daily सिद्धान्तराज पाण्डे अध्यक्ष-प्रबन्ध निर्देशक, बिजनेस अक्सिजन प्रा.लि. २५ वर्ष बैंकिङ क्षेत्रमा बिताएका सिद्धान्तराज पाण्डे अहिले सेयर स्वामित्वसहित लगानीको मोडल ‘प्राइभेट इक्युटी फन्ड’ सञ्चालन गरिरहेका छन् । आईएफसी, स्पेसल क्लाइमेट चेन्ज फन्ड र डीएफआईडीको प्रत्यक्ष वैदेशिक लगानीसहित नेपाली लगानीकर्ताको कम्पनी डब्लूएलसीमार्फत बिजनेश अक्सिजन सञ्चालनमा छ । १४.३ मिलियन डलर फन्डमार्फत नेपालको साना तथा मझौला व्यवसायमा लगानी भइरहेको छ । नेपालमा अधिकांश साना तथा मझौला व्यवसाय पारिवारिक तथा अनौपचारिक रूपमा चलेको र यसलाई विकास र विस्तार गर्न इक्युटी फन्ड प्रभावकारी हुने उनको भनाइ छ । कम्पनीको अध्यक्ष तथा प्रबन्ध निर्देशक रहेका उनले प्रत्यक्ष विदेशी लगानीसहितको इक्युटी फन्डमार्फत पुँजीसँगै सीप […]

Connect IN: Connecting Dots between Nepali and Indian Startup Scenes

-BY NIKEETA GAUTAM AND ASHIM NEUPANE At a time when Nepali startups are trying to make footprints in various business sectors, it has become important to connect them with budding entrepreneurs from other countries and various players of the startup ecosystem. Such links can be important enabling platforms for aspiring youths where they can learn from veterans and experts, share ideas and experiences that can help them to solve problems and come up with something new to realise their entrepreneurial ambitions. Besides, the government can also identify problems and provide policy level support. One such endeavour, The International Entrepreneurship Conclave […]

Bottom-up approach

– Siddhant Raj Pandey With the advent of the Left coalition that has come with a clear majority, the general feeling is that there will be stability in government for the next few years paving way for consistency in policy. With monetary policy in havoc and in the fiscal space with the macro-economy showing strains, the task of the new government in general and the finance minister in particular is daunting. The step of the Oli government in choosing a technocrat like Yuba Raj Khatiwada as finance minister has been the first smart move of the government, and shows the […]

नेक्स्ट ग्रोथ कनक्लेभ सकियो

कान्तिपुर संवाददाता काठमाडौ ‘ स्टार्टअप’ मा आबद्ध उद्यमी, व्यवसायी, लगानीकर्ताको विकासमा काम गर्दै आएको ‘नेक्स्ट भेन्चर कर्प’ ले शुक्रबार राजधानीमा आयोजना गरेको दोस्रो ‘ नेक्स्ट ग्रोथ कनक्लेभ’ सम्मेलन सकिएको छ । ‘ ग्रो फास्टर थिम’ मा आधारित सम्मेलनमा एक हजार हाराहारी उद्यमी, व्यवसायी, लगानीकर्ता र सरोकारवाला सहभागी थिए । कर्पका प्रोग्राम डेभलपमेन्ट अफिसर आयुष मानन्धरका अनुसार सम्मेलनमा नेपालसहित पाँच मुलुकका विज्ञहरूले ‘व्यवसायलाई अर्को चरणको उचाइमा कसरी लैजान सकिन्छ ?’ भन्ने सवालमा केन्द्रित सफलताका कथा र सूत्रहरू सुनाएका थिए । ‘ स्टार्टअप’ समुदायबाटै उदाएका मलेसियाबाट वारेन ल्यावोले ‘ सानो अर्थतन्त्र भएको मुलुकका उद्यमीहरूले विश्व बजारमा पहुँच कसरी पुर्याउने ?’ भन्ने विषयमा […]