2. Facts…
unemployment rate in Nepal lingers well above 40%;more in youth.
shifted the agricultural based economy towards remittance based
economy.
major exports is labor.
At present, nearly half of all households in Nepal have at least one
member abroad or a returnee (World Bank, 2011).
Around 1707024 Nepalese workers are working in foreign land.
3. Business Prospects in Nepal
Agriculture
Tourism
IT
Recreation
Garments
Hydroelectricity
4. Agriculture
Present
Employment opportunities to 66 percent of total population.
39% contribution to the GDP with 13 percent to foreign trade.
Lagged behind in generating momentum for the much-needed
economic growth rate.
Net exporter of grains and other agricultural products to a net importer
over the last few decades.
Rs 66.36 billion has gone abroad for import of vegetables alone in the past
fiscal year, Rs 39.08 billion for vegetables, Rs 32.79 billion for edible oils, and
Rs 6 billion for animal products.
5. Agriculture
Problems
Heavy flow of youth to foreign countries.
Dependency on monsoon rain and food crops.
Investment in the agricultural sector dried up.
Shifting of people from rural to urban areas.
Use of old tools and techniques.
Concept of regarding agriculture as a low class job.
6. Agriculture
Prospectus
Farming ( Organic as well as inorganic vegetables and fruits)
Animal Husbandry
Fish Farming
Poultry
Floriculture
7. Agriculture entrepreneurs
Mr. Prem Lama of Aashapuri Organic Farm, Sanga, farming about 5
hectares of land, is selling about 300 kg of organic products daily and
generating more than NRs. 500,000 (US $6,250) a month.
Providing more than 50 organic products including ground apple, shitake
mushrooms, cauliflower, cabbage and cucumber to restaurants and star
hotels in Kathmandu..
8. Suggestions
Focus on products that are being imported from India and China.
spend a lot of times researching and talking to experts.
9. Tourism
Present
Nepal: a dream land for tourists.
760,000 tourists visit Nepal each year.
foreign currency equivalent of about NRs. 16,825 million.
Provides employment for about 20 percent of economically active
population.
Contributes about 3.0 percent on gross domestic product (GDP).
10. Tourism
Problems
Poor development of infrastructures
As the wealth of the world moves east, our perception of tourists has
remained fixed towards the west.
Nepali entrepreneurs are missing the trend of rising interest towards travel
among Indians and Chinese..
Poor management of heritages.
Lack of hotels and lodges.
11. Tourism
Prospectus
Hospitality ( Hotels, lodges ,resorts)
Trekking and expeditions
Travel and Tours
Handicrafts
12. Suggestions…
Focus on Indian as well as Chinese tourists.
Focusing even on business travelers.
13. Recreation
Present and Problems
Not considered much important in Nepali soecity.
Lack of open space.
Barely anything for the elderly in the city to do except sit idle at home and
watch TV or chat with another elderly person.
Lack of places for families with small children in the valley.
14. Recreation
Prospectus
Mini-golf, paintball or indoor football.
Children’s park may be a good business for Kathmandu.
A day care center for the elderly.
15. IT
Potential opportunities for young programmers are immense.
Significant demands for software applications in the Nepali market.
16. IT
Prospectus
Medical transcription
Software development
17. Suggestions
Do not just focus on outsourcing business as projects.
Specialize in a few programming languages .
Hire a specialized team.
18. Entrepreneurship in NEPAL???
“If you had access to Rs 10 lakhs, couldn’t you
start a business, live a decent life and create
jobs in Nepal instead? Is starting a business in
Nepal so risky that you would rather go
abroad? Or are there no opportunities to start a
business in Nepal?
19. Starting your own business is not easy
Have a lot of patience and persistence.
Entrepreneurship is all about starting small, moving forward, learning from
mistakes and adapting to the market.
20. Be an entrepreneur?
See an opportunity.
Make a plan.
Start the business.
Manage the business.
Receive the profits.
Think differently.
Create new.
Get Blinded by passion.
21. Entrepreneurs…
Entrepreneurs are not necessarily motivated by profit
but regard it as a standard for measuring achievement
or success.
greatly value self-reliance,
strive for distinction through excellence,
are highly optimistic (otherwise nothing would be
undertaken), and
always favor challenges of medium risk (neither too
easy, nor ruinous).