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'title' => 'The Key Speakers At Newbiz Conclave & Business Excellence Awards Ceremony 2013',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'description' => 'The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently.',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'description' => 'The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently.',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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The Key Speakers At Newbiz Conclave & Business Excellence Awards Ceremony 2013
15 min 0 sec to read
Management Essential for Economic Development
Rameshore Khanal
Former Finance Secretary
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.
Private Sector is the Engine of Economic Development
Suraj Vaidya
President, Federation of Nepalese Chambers of Commerce and Industries
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges.
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.
Private Sector Essential to Promote Tourism
Amran Abdul Rahman
Director, (Nepal and India) Malaysia Tourism
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.
Innovation and Competition Creates Growth
Wim Lancsweert
Development Economist, Belgium
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential.
Efforts to Attract Foreign Investment is Essential
Sukanti Ghosh
Managing Director, India APCO Worldwide
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.
Other Companies Should Learn From Award Winners
Budhaditya Mukherjee
CEO, Asian Paints Nepal Pvt. Ltd
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.
Should be focused in development of Business Brand
Srikanth Srinivasamadhawan
Managing Director, Unilever Nepal Limited
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market.
Healthy and Active Financial Sector
Rajan Singh Bhandary
President, Nepal Banker’s Association
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country.
Insuring Industrial Security
Shankar Koirala
Minister for Finance, Industry and Commerce and Supplies
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.
Employment should be Created within the Country
Dr Yuba Raj Khatiwada
Governor, Nepal Rastra Bank
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow.
This is just the right time to do this kind of event and I congratulate NBA team for this.
Public Commitment Necessary for Economic Prosperity
Binod Chaudhary
president, Chaudhary Group
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.
Priority to Bara-Parsa Industrial Corridor
Ashok Baid
President, Birgunj Chamber of Commerce
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development.
Business is an Engine for Development and Economic Growth
Dr Ratnakar Adhikari
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.
Structural change of production
Joseph Silvanus
CEO, Standard Chartered Bank Nepal Ltd
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need.
Concept of Rural and Small Scale Industries
Dr Pronab Sen
CEO, National Insurance Co Ltd (Nepal Operations)
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.
Improve Technology to Compete with India and China
Hari Bhakta Sharma
Vice-president, Confederation of Nepalese Industries
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries.
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'description' => 'The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently.',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'title' => 'The Key Speakers At Newbiz Conclave & Business Excellence Awards Ceremony 2013',
'sub_title' => '',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
</div>',
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<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
</div>',
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'content' => '<h2>
<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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'description' => 'The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently.',
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<strong><span style="font-size:14px;">Management Essential for Economic Development</span></strong></h2>
<div>
<strong><img alt="Rameshore Khanal" src="/userfiles/images/rk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 157px; width: 150px;" />Rameshore Khanal</strong></div>
<div>
Former Finance Secretary</div>
<div>
</div>
<div>
Various hurdles like political instability, labor strike, and corruption have created hindrances in the economic development of the Nepal. The main reason behind this is lack of good governance and economic management is the regulatory bodies of the government. Inability to complete the Melamchi hydro project is also the result of the irregularities. The common people and the industrialists are not being able to lead a life out of terror. The small and medium scale industries seem to work more hard in this context. Similarly, unnecessary disturbances regarding renew and registration of the new comers have also discouraged the industrialists. Private sector seems managed regarding the organizational governance of financial sector. The condition of other productive sector in Nepal is not satisfactory because of which the financial sector is not improving as expected. Recently the new generations are attracted towards the vocational education and this subject is being taught in most of the colleges out of valley. But still the education regarding the hydro power and other service sectors are not being given to the students. Efforts should be made to attract students in these sectors.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector is the Engine of Economic Development</span></strong></h2>
<div>
<strong><img alt="Suraj Vaidya President, Federation of Nepalese Chambers of Commerce and Industries" src="/userfiles/images/sv.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Suraj Vaidya</strong></div>
<div>
President, Federation of Nepalese Chambers of Commerce and Industries</div>
<div>
</div>
<div>
Private sector is the engine for economic development of the country. It provides the direction to the economy of the country. Having the important role in the development of the country, the government should provide facilities to the private sector. Private sector is the backbone of the prosperous society. The country is in vicious circle of political instability. There is necessity of some noble political leaders who can take the country out of this circle overcoming all the prevailing challenges. </div>
<div>
There is no point of discussing about election. It should be held anyhow. The economy of the country is also depended on local development. The election has been essential for development. There are a lot of possibilities of development in rural areas and the economic development of the country is possible only with the development of rural areas. The possibilities should be identified and commercialization of the local products should be done with standard pricing. Nearly 30 per cent of vegetable market in Kathmandu is covered by the vegetables from Dhading which can be increased more with the management of proper storage. Dhading is also being promoted as organic district in order to access and expand the market of vegetables produced in the district.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Private Sector Essential to Promote Tourism</span></strong></h2>
<div>
<strong><img alt="Amran Abdul Rahman Director, (Nepal and India) Malaysia Tourism" src="/userfiles/images/aar.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Amran Abdul Rahman</strong></div>
<div>
Director, (Nepal and India) Malaysia Tourism</div>
<div>
</div>
<div>
Not only tourism sector, private sector is the medium of branding the whole nation because it comes in direct contact with the common people. A nation can be economically transformed through tourism but there needs to be cooperation between private sector and government. Malaysia comes in ninth position to attract largest number of tourists. A total of 25 million people had visited Malaysia in 2012. Nepal has immense potentialities in tourism sector which should be promoted with development of the areas and effective regulations. Nepal also had possibilities of business tourism and also can be appropriate for MICE (Meeting, Incentive, Convention and Exhibition) tourism.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;"> Innovation and Competition Creates Growth</span></strong></h2>
<div>
<strong><img alt="Wim Lancsweert Development Economist, Belgium" src="/userfiles/images/wl.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Wim Lancsweert</strong></div>
<div>
Development Economist, Belgium</div>
<div>
</div>
<div>
Innovation and competition are the two important factors for growth. A multi dimensional entrepreneurship is essential for innovation and competition. The traditional way can’t open the way for this. Impressive personality, cultural and organizational structure and regulations boosting entrepreneurship can only encourage entrepreneurs. There are two types of entrepreneurship: entrepreneurship by necessity and entrepreneurship by adequate opportunities. The nation need not expect anything from the entrepreneurs created by necessity but the entrepreneurs created by the opportunities can help in the economic development of whole nation. So it depends upon the regulations and the laws of the government which of entrepreneurship to encourage. I personally believe that the training and education regarding entrepreneurship can create an appropriate foundation of economic growth. After that financial access and investment friendly environment is essential. </div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Efforts to Attract Foreign Investment is Essential</span></strong></h2>
<div>
<strong><img alt="Sukanti Ghosh Managing Director, India APCO Worldwide" src="/userfiles/images/sg.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 167px;" />Sukanti Ghosh</strong></div>
<div>
Managing Director, India APCO Worldwide</div>
<div>
</div>
<div>
The rapid economic growth of Gujarat has only been possible because of the clear vision and regular effort. The state was able to evaluate competitive quality and weakness because of which better industrial environment is formed there. The administration also helped to attract private investment and industrial friendly regulations. Additional private sector also invested after the improving condition of Gujarat. Then Gujarat administration started promoting private as well as national and international investment.</div>
<div>
The investors are always in search of stable government and investment friendly environment where open market, rule of law and security are guaranteed. Similarly availability of skilled manpower and continuity of scientific research are also preferred by the investors. Similar environment in Gujarat was able to get the commitment of Rs 50 billion of investment from a 3-day summit held in January, 2013 in Gujarat. Nepal also should work in this sector in inviting foreign investment. It can take benefit from its neighboring countries, India and China. There are several sectors for investment in Nepal including hydro power, infrastructure development, manufacturing, tourism, agriculture and mines. Lands available in relatively cheaper prices, availability of manpower and high profit are some of the factors attracting investment.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Other Companies Should Learn From Award Winners</strong></span></h2>
<div>
<strong><img alt="Budhaditya Mukherjee CEO, Asian Paints Nepal Pvt. Ltd" src="/userfiles/images/bm.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Budhaditya Mukherjee</strong></div>
<div>
CEO, Asian Paints Nepal Pvt. Ltd</div>
<div>
</div>
<div>
The Business Excellence Award 2013 has helped in enhancing the economic growth of the nation. This is also the appropriate point to focus in the economic development of Nepal. Most of the private sectors have been performing their tasks silently. Their task has contributed the whole nation and New Business Age has encouraged them with such awards. We are glad to work with such organization. The main motto of this award is to create positive inspiration for other organizations to work even better. The important aspect of this award ceremony is the jury part. We are hoping for the correct selection of the business houses by juries involved in this ceremony.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Should be focused in development of Business Brand</strong></span></h2>
<div>
<strong><img alt="Srikanth Srinivasamadhawan Managing Director, Unilever Nepal Limited" src="/userfiles/images/sss.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Srikanth Srinivasamadhawan</strong></div>
<div>
Managing Director, Unilever Nepal Limited</div>
<div>
</div>
<div>
Nepal has greater possibilities for the productive sectors from the economic point of view. The economic rate can be increased and achieved with the development of such industries. We have to keep focusing on the profit, consistency and responsibility along with the growth. There should be diversity in the production for the development and growth of the product. Unilever covers most of the market in Nepal because of the same policy. Similarly more storage and consumerism is also essential for establish the brand in the market. We should apply creative way to access the brands in the market. For the sustainable economic development, brand centered growth should be the focus. We are always focused on the development of Nepal that’s why all the products of Unilever have been covered most of Nepali market. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Healthy and Active Financial Sector</strong></span></h2>
<div>
<strong><img alt="Rajan Singh Bhandary, President, Nepal Banker’s Association" src="/userfiles/images/rsb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Rajan Singh Bhandary</strong></div>
<div>
President, Nepal Banker’s Association</div>
<div>
</div>
<div>
As Nepal is a small country, the financial sector of this country is also limited. Though small, the roles of financial sector are very important. The financial sector mobilizes with the sound economic condition of the country. A narrow economy of a country creates healthy environment in financial sector. Both of these sectors are equally important for a strong economy of the country. </div>
<div>
</div>
<div>
</div>
<h2>
</h2>
<h2>
<strong><span style="font-size:14px;">Insuring Industrial Security</span></strong></h2>
<div>
<strong><img alt="Shankar Koirala, Minister for Finance, Industry and Commerce and Supplies" src="/userfiles/images/sk.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Shankar Koirala</strong></div>
<div>
Minister for Finance, Industry and Commerce and Supplies</div>
<div>
</div>
<div>
I was highly tempted to be a part of this event because of two reasons: one is the theme and the another, I was curious to see all the business leaders coming together and excited to know how they’re doing and contributing to the country. I thank and congratulate New Business Age family for conducting the event. For achieving the target, government’s effort too is not sufficient. To facilitate them everyone should work together. We acknowledge role of private sectors too for the economic growth of the country. This award ceremony will act as a challenge for them to do even more and maintain their position. We have to insure industrial security for the investors. Mobilization of domestic products should be assured and for that transportation facilities should be improved. Agriculture investment should grow and I feel that the ideas shared here will help us meet the target.</div>
<div>
</div>
<h2>
<strong><span style="font-size:14px;">Employment should be Created within the Country</span></strong></h2>
<div>
<strong><img alt="Dr Yuba Raj Khatiwada ,Governor, Nepal Rastra Bank" src="/userfiles/images/yrk.jpg" style="float: left; margin: 0px 10px 0px 0px;height: 163px; width: 150px;" />Dr Yuba Raj Khatiwada</strong></div>
<div>
Governor, Nepal Rastra Bank</div>
<div>
</div>
<div>
It is a common dream of Nepali people to eliminate political instability and reduce poverty rate. And for that Economic growth is must. Last year, Service sector increased by 6 percent and the industry by 3 percent. It’s not that difficult to achieve 7 per cent growth in our country. Industries in Nepal are running 50 per cent of its total capacity. If it increases to 80 per cent, then it will not be a difficult task to achieve the targeted growth of 7 per cent. Agriculture itself has capacity to grow more than 5 per cent of GDP. For that agro-based investment should be increased. Similarly, employment should be created within the country. Capacity utilization should be another major priority. Nepal needs development based on agriculture, hydropower and tourism. And employment opportunities should be created for middle class to grow. </div>
<div>
This is just the right time to do this kind of event and I congratulate NBA team for this.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Public Commitment Necessary for Economic Prosperity</strong></span></h2>
<div>
<strong><img alt="Binod Chaudhary, president, Chaudhary Group" src="/userfiles/images/bc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 163px;" />Binod Chaudhary</strong></div>
<div>
president, Chaudhary Group</div>
<div>
</div>
<div>
Nepal has more than half century experience and mandate of planned economic development attempt. Today’s necessity is learning from our past and moving forward towards the development of Nepal. Nepal’s industrial contribution in GDP has decreased to 5.6 percent which was 12 percent a decade ago. We all have common opinion in terms of economic development. We have to make public commitment for country’s economic development. To achieve the target, we have to mechanise agriculture, commercialise herbs, vegetables and fruits. Tourism is another sector where we have to concentrate more.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Priority to Bara-Parsa Industrial Corridor</strong></span></h2>
<div>
<strong><img alt="Ashok Baid ,President, Birgunj Chamber of Commerce" src="/userfiles/images/ab.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Ashok Baid</strong></div>
<div>
President, Birgunj Chamber of Commerce</div>
<div>
</div>
<div>
Country is only utilizing 30 per cent of its resources. There is much to do with this country. There should be growth in entrepreneurship, productivity and employment creation in Nepal. Nepal is utilizing only 40 percent of its industrial capacity. All the economic stakeholders should be serious about this issue. Birgunj should be prioritized because it occupies large economic and industrial space. Bara-Parsa corridor conservation must be prioritized. Government should play role in developing industrial relationship there. We can develop Birgunj as economic and industrial capital. We should accept public-private partnership for infrastructures development. </div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong>Business is an Engine for Development and Economic Growth</strong></span></h2>
<div>
<strong><img alt="Dr Ratnakar Adhikari ,Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)" src="/userfiles/images/dra.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 165px;" />Dr Ratnakar Adhikari</strong></div>
<div>
Chief Executive Director, South Asian Watch on Trade Economics and Environment (SAWTEE)</div>
<div>
</div>
<div>
Business is the engine for economic growth and development. Business helps to make country prosper. It plays important role in creating employment, and helps in country’s revenue collection too. Banking and Insurance sector should be emphasized to develop the business. It also helps in inviting foreign investment when investment increase, business gets competitive which helps for its sustainability. Technology development is equally important. To increase the business, industrial, energy, infrastructures development, skilled manpower and competitive policy is necessary.</div>
<div>
</div>
<h2>
<span style="font-size:14px;"><strong> Structural change of production</strong></span></h2>
<div>
<strong><img alt="Joseph Silvanus, CEO, Standard Chartered Bank Nepal Ltd" src="/userfiles/images/js.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 166px;" />Joseph Silvanus</strong></div>
<div>
CEO, Standard Chartered Bank Nepal Ltd</div>
<div>
</div>
<div>
Finance sector can play role of engine in achieving 7 per cent economic growth. For that products structure needs to be changed. Structural changes can help in diversification of the products. And it helps in qualitative and quantitative development of the products too. Along with that we have to utilize the growing population of the country too. We have to use modern technology as per the time’s need. </div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Concept of Rural and Small Scale Industries</strong></span></h2>
<div>
<strong><img alt="Dr Pronab Sen ,CEO, National Insurance Co Ltd (Nepal Operations)" src="/userfiles/images/dps.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 162px;" />Dr Pronab Sen</strong></div>
<div>
CEO, National Insurance Co Ltd (Nepal Operations)</div>
<div>
</div>
<div>
Insurance is the risk management tools and about feeling secure. Insurance companies work as a substitute of government responsibilities. It helps to reduce capital forms and helps in investment and innovations. For better economic growth we have to ensure agro-based insurance too apart from hydro power and other insurances because our economy is directly based on agriculture.</div>
<div>
</div>
<h2>
</h2>
<h2>
<span style="font-size:14px;"><strong>Improve Technology to Compete with India and China</strong></span></h2>
<div>
<strong><img alt="Hari Bhakta Sharma, Vice-president, Confederation of Nepalese Industries" src="/userfiles/images/hbs.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 156px;" />Hari Bhakta Sharma</strong></div>
<div>
Vice-president, Confederation of Nepalese Industries</div>
<div>
</div>
<div>
Nature has a capacity to fulfill all our need but she cannot fulfill our greed. It is sad that the country where I live is 167th poorest in the world because of dollar appreciation. Thanks to the government. We have 2.5 billion people market and still far behind. There is no electricity and water. We only demand with no responsibility. We should try to improve our technology to compete with India and China. Once you learnt that, you will compete with rest of the world. I would like to request the government to change their policies at the earliest and would like to request our skilled manpower not to migrate to other countries. </div>
<div>
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Rameshore Khanal
Suraj Vaidya
Amran Abdul Rahman
Wim Lancsweert
Sukanti Ghosh
Budhaditya Mukherjee
Srikanth Srinivasamadhawan
Rajan Singh Bhandary
Shankar Koirala
Dr Yuba Raj Khatiwada
Binod Chaudhary
Ashok Baid
Dr Ratnakar Adhikari
Joseph Silvanus
Dr Pronab Sen
Hari Bhakta Sharma
