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‘Digital Transformation Must for Industrial Growth’

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‘Digital Transformation Must for Industrial Growth’
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November 11: The business community along with Nepali and foreign experts have stressed on the need of technological conversion and innovation for the economic transformation of Nepal. They expressed such views in the Growth, Innovation and Leadership (GIL) Summit 2016, organised by the US-based international consulting Frost & Sullivan in Kathmandu on November 9.

Binod Chaudhary, Chairman of Chaudhary Group (CG) mentioned the importance of digitaisation for the expansion of business. “We are working to expand Wai Wai noodle brand’s market share by five percent in the world noodle market within five years,” he reveled. Chaudhary also talked about importance of startup business.

Likewise, speaking at the program, Aroop Zutshi, Global Partner and Managing Director of Frost & Sullivan pointed to the need of adaptation of digital transformation for the industrial revolution in Nepal. Similarly, YB Dato’ Sri Dris Jala, CEO of Performance Management and Delivery Unit (PEMANDU) shared his experience on the economic progress of Malaysia and the working procedure adopted by the Malaysian government. “Private sector effort is significant in the economic development of the country,” Jala added.     

The program held discussion on different subject including growth success story, visionary perspective of Nepal 2035 and women empowerment. Similarly, the program also conducted a think tank session where the participants presented their ideas on growth opportunities in Nepal.

Meanwhile, a CEO panel discussion on the topic Future of Business included leading business personalities from different sectors. Upendra Poudyal, CEO of NMB Bank, Saurya Rana, President of Nepal India Chamber of Commerce and Industries, Hari Bhakta Sharma, President of CNI, Padma Jyoti, Chairman of Jyoti Group, Upendra Mahato, Founding President of the International Coordination Council of Non-Resident Nepali Association, Swarnim Wagle, Member of National Planning Commission (NPC) were the participants of the panel discussion. 

Binod Chaudhary Felicitated by GIL 2016 – Excellence in Leadership Award 

GIL Nepal 2016 felicitated Binod Chaudhary with Excellence in Leadership Award. Different Nepali private companies working in different sectors were awarded with Frost & Sullivan’s 2016 Best Practices Awards. The private companies working in field such as airlines, banking and financing and insurance sector, hydropower, hospital, telecom, construction company, manufacturing and tourism sector were felicitated. Similarly, Saurya SJB Rana was awarded with CEO of the year. 

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